ADONAI AS: årsregnskap 2022 vs 2021
Grew 16% on revenue, returned to profit
registry 2023-10-30; journal 2023 735924
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADONAI AS. Revenue 3.26m NOK → 3.79m NOK (+16.2%). Net result -515.1k NOK → +201.6k NOK. Equity -847.1k NOK → -1.12m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADONAI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.26m NOK to 3.79m NOK (+16.2% YoY). Calculated
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↑
Operating result improved
Operating result -510.8k NOK → -145.9k NOK (op. margin -15.7% → -3.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 515.1k NOK to a profit of 201.6k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -847.1k NOK → -1.12m NOK (equity ratio -75.9% → -109.1%). Calculated
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↓
Cash fell
Bank deposits 530.2k NOK → 473.1k NOK (-10.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -109.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.89m NOK → 1.91m NOK (58% → 50% of revenue). Calculated