ADWIZO AS: årsregnskap 2022 vs 2021
Shrank 91% on revenue, returned to profit
approved 2023-05-08; registry 2023-05-10; journal 2023 396638
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADWIZO AS. Revenue 872.8k NOK → 80.9k NOK (-90.7%). Net result -76.2k NOK → +35.0k NOK. Equity 38.3k NOK → 33.9k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWIZO AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -98.4k NOK → +99.6k NOK (op. margin -11.3% → 123.2%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 76.2k NOK to a profit of 35.0k NOK. Calculated
-
↑
Cash rose
Bank deposits 64.5k NOK → 200.5k NOK (+211.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 872.8k NOK to 80.9k NOK (-90.7% YoY). Calculated
-
↓
Equity eroded
Book equity 38.3k NOK → 33.9k NOK (equity ratio 9.5% → 8.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation