ADOBE SYSTEMS NORGE AS: årsregnskap 2023 vs 2022
Grew 14% on revenue, cash halved-plus
approved 2024-04-30; registry 2024-06-04; journal 2024 417846
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADOBE SYSTEMS NORGE AS. Revenue 12.69m NOK → 14.50m NOK (+14.2%). Net result +9.59m NOK → +10.94m NOK. Equity 10.97m NOK → 1.02m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADOBE SYSTEMS NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.69m NOK to 14.50m NOK (+14.2% YoY). Calculated
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↑
Operating result improved
Operating result +12.30m NOK → +14.04m NOK (op. margin 96.9% → 96.9%). Calculated
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Net result improved
Net result +9.59m NOK → +10.94m NOK (net margin 75.6% → 75.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.97m NOK → 1.02m NOK (equity ratio 75.1% → 4.0%). Calculated
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↓
Cash fell
Bank deposits 6.34m NOK → 2.40m NOK (-62.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.34m NOK → 2.40m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 30.1k NOK → 1.21m NOK (0% → 8% of revenue). Calculated