ADRETT AS: årsregnskap 2023 vs 2022
Grew 19% on revenue, stronger earnings
approved 2024-03-08; registry 2024-03-18; journal 2024 330782
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADRETT AS. Revenue 19.06m NOK → 22.66m NOK (+18.9%). Net result +6 565 NOK → +1.47m NOK. Equity 1.52m NOK → 7.99m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 19.06m NOK to 22.66m NOK (+18.9% YoY). Calculated
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Operating result improved
Operating result +24.9k NOK → +1.90m NOK (op. margin 0.1% → 8.4%). Calculated
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Net result improved
Net result +6 565 NOK → +1.47m NOK (net margin 0.0% → 6.5%). Calculated
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Equity strengthened
Book equity 1.52m NOK → 7.99m NOK (equity ratio 35.7% → 113.4%). Calculated
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Payroll decreased
Salary cost 7.36m NOK → 6.96m NOK (39% → 31% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 998.3k NOK → 509.5k NOK (-49.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.03× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 7.27m NOK → 9.36m NOK (+28.7% YoY). Calculated