ADSFUNNELS AS: årsregnskap 2022 vs 2021
Shrank 9% on revenue, weaker earnings, cash halved-plus
approved 2023-07-27; registry 2023-08-22; journal 2023 713710
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADSFUNNELS AS. Revenue 3.75m NOK → 3.40m NOK (-9.3%). Net result +411.4k NOK → +4 NOK. Equity -80.2k NOK → -99.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADSFUNNELS AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 3.00m NOK → 2 NOK (80% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.75m NOK to 3.40m NOK (-9.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +682.2k NOK → +139.8k NOK (op. margin 18.2% → 4.1%). Calculated
-
↓
Net result weakened
Net result +411.4k NOK → +4 NOK (net margin 11.0% → 0.0%). Calculated
-
↓
Equity eroded
Book equity -80.2k NOK → -99.1k NOK (equity ratio -14.3% → -23.7%). Calculated
-
↓
Cash fell
Bank deposits 417.8k NOK → 107.5k NOK (-74.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -23.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation