Org.nr 913 990 315 2021 → 2022 Year-over-year analysis

ADRIAN MALERSERVICE AS: årsregnskap 2022 vs 2021

Shrank 18% on revenue, stronger earnings

approved 2023-03-09; registry 2023-08-07; journal 2023 652019

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADRIAN MALERSERVICE AS. Revenue 12.89m NOK → 10.52m NOK (-18.4%). Net result +596.4k NOK → +1.09m NOK. Equity 1.20m NOK → 1.09m NOK.

On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRIAN MALERSERVICE AS.

Scorecard

Revenue
12.89m NOK 10.52m NOK
-18.4%
Operating result
+2.05m NOK +1.40m NOK
-31.7%
Net result
+596.4k NOK +1.09m NOK
+83.4%
Equity
1.20m NOK 1.09m NOK
-8.9%
Cash
1.99m NOK 2.40m NOK
+20.5%
Total assets
4.77m NOK 4.06m NOK
-14.9%

What improved

  • ↑

    Net result improved

    Net result +596.4k NOK → +1.09m NOK (net margin 4.6% → 10.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.99m NOK → 2.40m NOK (+20.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.89m NOK to 10.52m NOK (-18.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.05m NOK → +1.40m NOK (op. margin 15.9% → 13.3%). Calculated

  • ↓

    Equity eroded

    Book equity 1.20m NOK → 1.09m NOK (equity ratio 25.1% → 26.8%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 2.35m NOK → 1.55m NOK (-34.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 30.8k NOK → 11.5k NOK. Reported fact