ADORE AS: årsregnskap 2022 vs 2021
Grew 12% on revenue, returned to profit, cash halved-plus
approved 2023-04-28; registry 2023-08-02; journal 2023 684343
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADORE AS. Revenue 1.29m NOK → 1.44m NOK (+11.8%). Net result -51.0k NOK → +16.4k NOK. Equity 146.2k NOK → 162.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.29m NOK to 1.44m NOK (+11.8% YoY). Calculated
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Operating result improved
Operating result -70.8k NOK → -8 350 NOK (op. margin -5.5% → -0.6%). Calculated
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Turned profitable
Net result flipped from a loss of 51.0k NOK to a profit of 16.4k NOK. Calculated
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Equity strengthened
Book equity 146.2k NOK → 162.5k NOK (equity ratio 20.8% → 27.2%). Calculated
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Payroll decreased
Salary cost 518.0k NOK → 378.3k NOK (40% → 26% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 304.7k NOK → 77.8k NOK (-74.5% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 538.7k NOK → 704.7k NOK (+30.8% YoY). Calculated