ADSFUNNELS AS: årsregnskap 2023 vs 2022
Shrank 34% on revenue, slipped into loss
approved 2024-03-22; registry 2024-04-15; journal 2024 356179
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADSFUNNELS AS. Revenue 3.40m NOK → 2.24m NOK (-34.2%). Net result +4 NOK → -84.2k NOK. Equity -99.1k NOK → -183.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADSFUNNELS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 107.5k NOK → 127.5k NOK (+18.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.40m NOK to 2.24m NOK (-34.2% YoY). Calculated
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↓
Operating result weakened
Operating result +139.8k NOK → -78.3k NOK (op. margin 4.1% → -3.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 4 NOK profit to a loss of 84.2k NOK. Calculated
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↓
Equity eroded
Book equity -99.1k NOK → -183.3k NOK (equity ratio -23.7% → -50.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 1.40m NOK (0% → 63% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -50.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 436.4k NOK → 352.0k NOK (-19.3% YoY). Calculated