ADSEO AS: årsregnskap 2022 vs 2021
Grew 73% on revenue, slipped into loss, cash halved-plus
approved 2023-06-16; registry 2023-06-27; journal 2023 514501
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADSEO AS. Revenue 14.56m NOK → 25.18m NOK (+73.0%). Net result +97.7k NOK → -282.1k NOK. Equity 297.2k NOK → 165.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADSEO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.56m NOK to 25.18m NOK (+73.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +98.6k NOK → -262.7k NOK (op. margin 0.7% → -1.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 97.7k NOK profit to a loss of 282.1k NOK. Calculated
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↓
Equity eroded
Book equity 297.2k NOK → 165.1k NOK (equity ratio 10.5% → 2.7%). Calculated
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↓
Cash fell
Bank deposits 375.3k NOK → 49.1k NOK (-86.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 448.8k NOK → 165.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 4.93m NOK → 9.68m NOK (34% → 38% of revenue). Calculated
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COGS moved
COGS / varekostnad 7.81m NOK → 13.34m NOK (+70.7% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 9 → 13. Reported fact