ADVENTURE TAILOR AS: årsregnskap 2022 vs 2021
Weaker earnings
approved 2023-06-30; registry 2023-09-05; journal 2023 723969
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVENTURE TAILOR AS. Revenue 965.0k NOK → 974.4k NOK (+1.0%). Net result +324.9k NOK → +136.3k NOK. Equity 58.4k NOK → 34.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVENTURE TAILOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 965.0k NOK to 974.4k NOK (+1.0% YoY). Calculated
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↑
Cash rose
Bank deposits 26.5k NOK → 73.7k NOK (+178.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +443.3k NOK → +213.6k NOK (op. margin 45.9% → 21.9%). Calculated
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↓
Net result weakened
Net result +324.9k NOK → +136.3k NOK (net margin 33.7% → 14.0%). Calculated
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↓
Equity eroded
Book equity 58.4k NOK → 34.7k NOK (equity ratio 10.8% → 6.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 221.1k NOK → 172.3k NOK (-22.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 99.8k NOK → 88.7k NOK. Reported fact