FirmaIQ
Org.nr 914 059 011 2021 → 2022 Year-over-year analysis

ADV FINANCE AS: årsregnskap 2022 vs 2021

Grew 5% on revenue, stronger earnings

approved 2023-06-30; registry 2023-07-22; journal 2023 596354

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADV FINANCE AS. Revenue 9.52m NOK → 10.03m NOK (+5.3%). Net result +122.1k NOK → +309.2k NOK. Equity 10.70m NOK → 1.01m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADV FINANCE AS.

At a glance

Scorecard

Revenue
9.52m NOK 10.03m NOK
+5.3%
Operating result
+282.4k NOK +509.4k NOK
+80.4%
Net result
+122.1k NOK +309.2k NOK
+153.2%
Equity
10.70m NOK 1.01m NOK
-90.6%
Cash
861.6k NOK 686.1k NOK
-20.4%
Total assets
2.07m NOK 2.34m NOK
+13.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.52m NOK to 10.03m NOK (+5.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +282.4k NOK → +509.4k NOK (op. margin 3.0% → 5.1%). Calculated

  • ↑

    Net result improved

    Net result +122.1k NOK → +309.2k NOK (net margin 1.3% → 3.1%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.70m NOK → 1.01m NOK (equity ratio 516.5% → 42.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 861.6k NOK → 686.1k NOK (-20.4% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 7.26m NOK → 7.33m NOK (+1.0% YoY). Calculated