ADORA FOOD AS: årsregnskap 2022 vs 2021
Grew 24% on revenue, slipped into loss
approved 2023-07-26; registry 2023-08-02; journal 2023 695301
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADORA FOOD AS. Revenue 5.23m NOK → 6.52m NOK (+24.5%). Net result +91.2k NOK → -266.4k NOK. Equity 121.1k NOK → -145.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADORA FOOD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.23m NOK to 6.52m NOK (+24.5% YoY). Calculated
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↑
Cash rose
Bank deposits 148.0k NOK → 163.4k NOK (+10.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +163.7k NOK → -321.1k NOK (op. margin 3.1% → -4.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 91.2k NOK profit to a loss of 266.4k NOK. Calculated
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↓
Equity eroded
Book equity 121.1k NOK → -145.3k NOK (equity ratio 26.0% → -24.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -24.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 135 NOK → 2.37m NOK (0% → 36% of revenue). Calculated
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COGS moved
COGS / varekostnad 2 275 NOK → 2.77m NOK (+121825.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.4k NOK → 19.3k NOK. Reported fact