ADREM AS: årsregnskap 2023 vs 2022
Shrank 43% on revenue, slipped into loss, cash halved-plus
approved 2024-04-30; registry 2024-05-07; journal 2024 400204
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADREM AS. Revenue 160.0k NOK → 91.8k NOK (-42.6%). Net result +112.4k NOK → -56.0k NOK. Equity -224.8k NOK → -280.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADREM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 160.0k NOK to 91.8k NOK (-42.6% YoY). Calculated
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Operating result weakened
Operating result +144.8k NOK → -5 869 NOK (op. margin 90.5% → -6.4%). Calculated
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Fell into a net loss
Net result flipped from 112.4k NOK profit to a loss of 56.0k NOK. Calculated
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Equity eroded
Book equity -224.8k NOK → -280.8k NOK (equity ratio -152.3% → -168.9%). Calculated
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Cash fell
Bank deposits 10.5k NOK → 2 219 NOK (-78.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -168.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 78.1k NOK → 151.3k NOK. Reported fact