ADWATER AS: årsregnskap 2023 vs 2022
Grew 27% on revenue, slipped into loss
approved 2024-06-01; registry 2024-06-05; journal 2024 487240
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADWATER AS. Revenue 3.78m NOK → 4.81m NOK (+27.3%). Net result +49.3k NOK → -45.0k NOK. Equity 237.3k NOK → 192.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADWATER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.78m NOK to 4.81m NOK (+27.3% YoY). Calculated
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↑
Cash rose
Bank deposits 26.3k NOK → 168.3k NOK (+540.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +75.5k NOK → -47.8k NOK (op. margin 2.0% → -1.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 49.3k NOK profit to a loss of 45.0k NOK. Calculated
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↓
Equity eroded
Book equity 237.3k NOK → 192.3k NOK (equity ratio 53.0% → 41.8%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 3.15m NOK → 4.02m NOK (+27.9% YoY). Calculated