ADPOINT AS: årsregnskap 2022 vs 2021
Grew 93% on revenue, stronger earnings, cash halved-plus
approved 2023-08-02; registry 2023-08-17; journal 2023 698995
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADPOINT AS. Revenue 7.36m NOK → 14.22m NOK (+93.1%). Net result +128.5k NOK → +812.0k NOK. Equity 616.0k NOK → 428.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADPOINT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.36m NOK to 14.22m NOK (+93.1% YoY). Calculated
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Operating result improved
Operating result +183.5k NOK → +235.7k NOK (op. margin 2.5% → 1.7%). Calculated
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Net result improved
Net result +128.5k NOK → +812.0k NOK (net margin 1.7% → 5.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 616.0k NOK → 428.0k NOK (equity ratio 23.1% → 6.7%). Calculated
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↓
Cash fell
Bank deposits 329.3k NOK → 21.8k NOK (-93.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.08m NOK → 5.03m NOK (42% → 35% of revenue). Calculated
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COGS moved
COGS / varekostnad 161.6k NOK → 2.37m NOK (+1365.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 77.3k NOK → 530.4k NOK. Reported fact