ADPROSJEKT AS: årsregnskap 2023 vs 2022
Grew 5% on revenue, slipped into loss, cash halved-plus
approved 2024-05-22; registry 2024-06-08; journal 2024 434520
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADPROSJEKT AS. Revenue 16.72m NOK → 17.60m NOK (+5.3%). Net result +105.1k NOK → -872.2k NOK. Equity 545.0k NOK → -327.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADPROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.72m NOK to 17.60m NOK (+5.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 8.84m NOK → 8.65m NOK (53% → 49% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +248.3k NOK → -770.9k NOK (op. margin 1.5% → -4.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 105.1k NOK profit to a loss of 872.2k NOK. Calculated
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↓
Equity eroded
Book equity 545.0k NOK → -327.2k NOK (equity ratio 11.4% → -7.3%). Calculated
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↓
Cash fell
Bank deposits 561.5k NOK → 194.2k NOK (-65.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.09× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 4.38m NOK → 5.92m NOK (+35.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 38.0k NOK → 20.0k NOK. Reported fact