ADRENALIN AS: årsregnskap 2022 vs 2021
Shrank 99% on revenue, weaker earnings, cash halved-plus
approved 2023-06-30; registry 2023-07-18; journal 2023 589928
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADRENALIN AS. Revenue 50.84m NOK → 411.0k NOK (-99.2%). Net result +37.32m NOK → +11.41m NOK. Equity 7.53m NOK → 11.60m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADRENALIN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 7.53m NOK → 11.60m NOK (equity ratio 16.6% → 93.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 50.84m NOK to 411.0k NOK (-99.2% YoY). Calculated
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↓
Operating result weakened
Operating result +48.46m NOK → -2.43m NOK (op. margin 95.3% → -591.7%). Calculated
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↓
Net result weakened
Net result +37.32m NOK → +11.41m NOK (net margin 73.4% → 2777.1%). Calculated
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↓
Cash fell
Bank deposits 38.82m NOK → 3.34m NOK (-91.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.93m NOK → 1.96m NOK (4% → 477% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (38.82m NOK → 3.34m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 150 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.02m NOK → 9.22m NOK. Reported fact