ADDVANT STAVANGER AS: årsregnskap 2023 vs 2022
Grew 41% on revenue, stronger earnings
approved 2024-02-22; registry 2024-03-07; journal 2024 318951
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADDVANT STAVANGER AS. Revenue 13.17m NOK → 18.62m NOK (+41.4%). Net result +777.9k NOK → +1.75m NOK. Equity 127.5k NOK → 208.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. 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 13.17m NOK to 18.62m NOK (+41.4% YoY). Calculated
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Operating result improved
Operating result +1.01m NOK → +2.25m NOK (op. margin 7.7% → 12.1%). Calculated
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Net result improved
Net result +777.9k NOK → +1.75m NOK (net margin 5.9% → 9.4%). Calculated
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Equity strengthened
Book equity 127.5k NOK → 208.7k NOK (equity ratio 3.6% → 4.1%). Calculated
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Cash rose
Bank deposits 129.2k NOK → 1.37m NOK (+958.0% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 8.18× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 200 NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 8.53m NOK → 11.70m NOK (65% → 63% of revenue). Calculated
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COGS fell
COGS / varekostnad 945.5k NOK → 777.0k NOK (-17.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 115.5k NOK → 92.5k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 9 → 11. Reported fact