ADVAC PRODUCTION AS: årsregnskap 2023 vs 2022
Shrank 43% on revenue, weaker earnings
approved 2024-01-01; registry 2024-05-02; journal 2024 388462
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVAC PRODUCTION AS. Revenue 290.0k NOK → 163.9k NOK (-43.5%). Net result -28.2k NOK → -76.7k NOK. Equity 1 796 NOK → -24.9k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVAC PRODUCTION AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 290.0k NOK to 163.9k NOK (-43.5% YoY). Calculated
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Operating result weakened
Operating result -19.6k NOK → -96.9k NOK (op. margin -6.8% → -59.1%). Calculated
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↓
Net result weakened
Net result -28.2k NOK → -76.7k NOK (net margin -9.7% → -46.8%). Calculated
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↓
Equity eroded
Book equity 1 796 NOK → -24.9k NOK (equity ratio 0.9% → -76.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -76.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 148.6k NOK → 86.6k NOK (-41.7% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 2. Reported fact