ADP AS: årsregnskap 2023 vs 2022
Shrank 47% on revenue, slipped into loss, cash halved-plus
approved 2024-05-14; registry 2024-06-06; journal 2024 428592
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADP AS. Revenue 11.38m NOK → 6.05m NOK (-46.8%). Net result +53.5k NOK → -1.92m NOK. Equity 1.44m NOK → -480.4k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.38m NOK to 6.05m NOK (-46.8% YoY). Calculated
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Operating result weakened
Operating result +91.1k NOK → -1.93m NOK (op. margin 0.8% → -31.9%). Calculated
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Fell into a net loss
Net result flipped from 53.5k NOK profit to a loss of 1.92m NOK. Calculated
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Equity eroded
Book equity 1.44m NOK → -480.4k NOK (equity ratio 42.8% → -41.9%). Calculated
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Cash fell
Bank deposits 2.82m NOK → 485.4k NOK (-82.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -41.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.82m NOK → 485.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 6.12m NOK → 3.16m NOK (-48.3% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 10 → 9. Reported fact