FirmaIQ
Org.nr 926 034 294 2021 → 2022 Year-over-year analysis

ADOLFSEN EIENDOM AS: årsregnskap 2022 vs 2021

Shrank 7% on revenue, stronger earnings

approved 2023-06-30; registry 2023-07-04; journal 2023 572668

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADOLFSEN EIENDOM AS. Revenue 128.0k NOK → 119.0k NOK (-7.0%). Net result -333.4k NOK → -151.6k NOK. Equity -305.4k NOK → -456.9k NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADOLFSEN EIENDOM AS.

At a glance

Scorecard

Revenue
128.0k NOK 119.0k NOK
-7.0%
Operating result
-427.5k NOK -55.5k NOK
+87.0%
Net result
-333.4k NOK -151.6k NOK
+54.5%
Equity
-305.4k NOK -456.9k NOK
-49.6%
Cash
80.6k NOK 158.9k NOK
+97.1%
Total assets
1.39m NOK 1.34m NOK
-3.4%

What improved

  • ↑

    Operating result improved

    Operating result -427.5k NOK → -55.5k NOK (op. margin -334.0% → -46.6%). Calculated

  • ↑

    Net result improved

    Net result -333.4k NOK → -151.6k NOK (net margin -260.5% → -127.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 80.6k NOK → 158.9k NOK (+97.1% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.29× → 3.58×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 128.0k NOK to 119.0k NOK (-7.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -305.4k NOK → -456.9k NOK (equity ratio -22.0% → -34.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -34.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation