Org.nr 920 040 586 2021 → 2022 Year-over-year analysis

ADUNDAS DESIGN AS: årsregnskap 2022 vs 2021

Weaker earnings

approved 2023-06-21; registry 2023-07-26; journal 2023 652746

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADUNDAS DESIGN AS. Revenue 1.85m NOK → 1.83m NOK (-1.4%). Net result +170.1k NOK → +18.7k NOK. Equity 285.6k NOK → 305.5k NOK.

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

Net tougher year on the published lines.

Scorecard

Revenue
1.85m NOK 1.83m NOK
-1.4%
Operating result
+223.0k NOK +61.5k NOK
-72.4%
Net result
+170.1k NOK +18.7k NOK
-89.0%
Equity
285.6k NOK 305.5k NOK
+7.0%
Cash
2 387 NOK 7 214 NOK
+202.2%
Total assets
849.3k NOK 170.2k NOK
-80.0%

What improved

  • ↑

    Equity strengthened

    Book equity 285.6k NOK → 305.5k NOK (equity ratio 33.6% → 179.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 2 387 NOK → 7 214 NOK (+202.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.85m NOK to 1.83m NOK (-1.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +223.0k NOK → +61.5k NOK (op. margin 12.0% → 3.4%). Calculated

  • ↓

    Net result weakened

    Net result +170.1k NOK → +18.7k NOK (net margin 9.2% → 1.0%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 3.57× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.27m NOK → 1.42m NOK (68% → 78% of revenue). Calculated