ADONAI AS: årsregnskap 2023 vs 2022
Slipped into loss, cash halved-plus
registry 2024-08-03; journal 2024 706216
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADONAI AS. Revenue 3.79m NOK → 3.73m NOK (-1.4%). Net result +201.6k NOK → -393.9k NOK. Equity -1.12m NOK → -1.04m NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; fell into a net loss; cash fell.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADONAI AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -145.9k NOK → +39.1k NOK (op. margin -3.9% → 1.0%). Calculated
-
↑
Equity strengthened
Book equity -1.12m NOK → -1.04m NOK (equity ratio -109.1% → -254.8%). Calculated
-
↑
Payroll decreased
Salary cost 1.91m NOK → 1.75m NOK (50% → 47% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.79m NOK to 3.73m NOK (-1.4% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 201.6k NOK profit to a loss of 393.9k NOK. Calculated
-
↓
Cash fell
Bank deposits 473.1k NOK → 41.5k NOK (-91.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 775.4k NOK → 832.9k NOK (+7.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -254.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Headcount (årsverk) changed
Reported FTEs 3 → 6. Reported fact