ADSERØ BIL AS: årsregnskap 2022 vs 2021
Grew 86% on revenue, stronger earnings, cash halved-plus
approved 2023-05-25; registry 2023-06-10; journal 2023 450707
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADSERØ BIL AS. Revenue 112.14m NOK → 208.23m NOK (+85.7%). Net result +3.00m NOK → +6.62m NOK. Equity 12.22m NOK → 16.39m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADSERØ BIL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 112.14m NOK to 208.23m NOK (+85.7% YoY). Calculated
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Operating result improved
Operating result +4.09m NOK → +8.75m NOK (op. margin 3.6% → 4.2%). Calculated
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Net result improved
Net result +3.00m NOK → +6.62m NOK (net margin 2.7% → 3.2%). Calculated
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Equity strengthened
Book equity 12.22m NOK → 16.39m NOK (equity ratio 64.0% → 45.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.49m NOK → 204.2k NOK (-94.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.49m NOK → 204.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.63m NOK → 4.81m NOK (3% → 2% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.10bn NOK → 2.19bn NOK (+4.3% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 6 → 7. Reported fact