ADR ELEKTRO AS: årsregnskap 2022 vs 2021
Grew 31% on revenue, weaker earnings
approved 2023-06-08; registry 2023-06-24; journal 2023 500240
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADR ELEKTRO AS. Revenue 16.68m NOK → 21.78m NOK (+30.6%). Net result +302.8k NOK → +99.5k NOK. Equity 318.7k NOK → 418.1k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADR ELEKTRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.68m NOK to 21.78m NOK (+30.6% YoY). Calculated
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Operating result improved
Operating result +390.7k NOK → +423.8k NOK (op. margin 2.3% → 1.9%). Calculated
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Equity strengthened
Book equity 318.7k NOK → 418.1k NOK (equity ratio 6.6% → 4.9%). Calculated
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↑
Cash rose
Bank deposits 665.7k NOK → 954.5k NOK (+43.4% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +302.8k NOK → +99.5k NOK (net margin 1.8% → 0.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 8.19m NOK → 8.63m NOK (49% → 40% of revenue). Calculated
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COGS moved
COGS / varekostnad 5.49m NOK → 8.50m NOK (+54.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 154.5k NOK → 10.0k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 10 → 11. Reported fact