ADVAC AS: årsregnskap 2023 vs 2022
Shrank 42% on revenue, stronger earnings, cash halved-plus
approved 2024-04-29; registry 2024-05-02; journal 2024 388493
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVAC AS. Revenue 155.2k NOK → 90.5k NOK (-41.7%). Net result -1.14m NOK → -468.6k NOK. Equity 312.4k NOK → -261.2k NOK.
On the constructive side: net result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVAC AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -1.14m NOK → -468.6k NOK (net margin -735.3% → -517.8%). Calculated
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Owners injected capital
Paid-in equity rose 1 530 NOK → 1.53m NOK (+1.53m NOK). Reported fact
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Payroll decreased
Salary cost 16.4k NOK → 9 469 NOK (11% → 10% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 155.2k NOK to 90.5k NOK (-41.7% YoY). Calculated
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Operating result weakened
Operating result -1 145 NOK → -943.1k NOK (op. margin -0.7% → -1042.1%). Calculated
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Equity eroded
Book equity 312.4k NOK → -261.2k NOK (equity ratio 15.2% → -10.0%). Calculated
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Cash fell
Bank deposits 185.0k NOK → 34.3k NOK (-81.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 53.9k NOK → 9 650 NOK (-82.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 90.0k NOK → 410.0k NOK. Reported fact