ADWAY AS: årsregnskap 2022 vs 2021
Shrank 86% on revenue, weaker earnings
approved 2023-05-22; registry 2023-05-30; journal 2023 435177
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADWAY AS. Revenue 183.2k NOK → 26.1k NOK (-85.7%). Net result +160.3k NOK → +1 318 NOK. Equity -1.71m NOK → -1.71m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADWAY AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -1.71m NOK → -1.71m NOK (equity ratio -647.6% → -1224.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 183.2k NOK to 26.1k NOK (-85.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +160.3k NOK → +1 318 NOK (op. margin 87.5% → 5.0%). Calculated
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↓
Net result weakened
Net result +160.3k NOK → +1 318 NOK (net margin 87.5% → 5.0%). Calculated
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↓
Cash fell
Bank deposits 263.7k NOK → 137.6k NOK (-47.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1224.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 31.2k NOK → 1 NOK. Reported fact