ADDVANT STAVANGER AS: årsregnskap 2022 vs 2021
Grew 453857% on revenue, stronger earnings, cash halved-plus
approved 2023-02-17; registry 2023-03-11; journal 2023 321023
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADDVANT STAVANGER AS. Revenue 2 901 NOK → 13.17m NOK (+453857.3%). Net result +5 130 NOK → +777.9k NOK. Equity 99.6k NOK → 127.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDVANT STAVANGER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2 901 NOK to 13.17m NOK (+453857.3% YoY). Calculated
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Operating result improved
Operating result +5 850 NOK → +1.01m NOK (op. margin 201.7% → 7.7%). Calculated
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Net result improved
Net result +5 130 NOK → +777.9k NOK (net margin 176.8% → 5.9%). Calculated
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Equity strengthened
Book equity 99.6k NOK → 127.5k NOK (equity ratio 4.4% → 3.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 746.2k NOK → 129.2k NOK (-82.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 NOK → 8.53m NOK (0% → 65% of revenue). Calculated
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COGS moved
COGS / varekostnad 73.1k NOK → 945.5k NOK (+1194.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 169.5k NOK → 115.5k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 2 → 9. Reported fact