ADRIAN & CO AS: årsregnskap 2022 vs 2021
Shrank 30% on revenue, cash halved-plus
approved 2023-06-30; registry 2023-09-20; journal 2023 729383
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADRIAN & CO AS. Revenue 184.8k NOK → 130.0k NOK (-29.7%). Net result +11.27m NOK → +12.77m NOK. Equity 67.81m NOK → 75.58m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADRIAN & CO AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -568.8k NOK → -278.8k NOK (op. margin -307.8% → -214.5%). Calculated
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Net result improved
Net result +11.27m NOK → +12.77m NOK (net margin 6097.7% → 9823.9%). Calculated
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Equity strengthened
Book equity 67.81m NOK → 75.58m NOK (equity ratio 88.6% → 87.4%). Calculated
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Payroll decreased
Salary cost 346.7k NOK → 1 346 NOK (188% → 1% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 184.8k NOK to 130.0k NOK (-29.7% YoY). Calculated
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Cash fell
Bank deposits 5.34m NOK → 1.76m NOK (-67.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.34m NOK → 1.76m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 28.08m NOK → 36.19m NOK. Reported fact