FirmaIQ
Org.nr 930 383 562 2022 → 2023 Year-over-year analysis

ADVAC R&D AS: årsregnskap 2023 vs 2022

Cash halved-plus

approved 2024-04-29; registry 2024-05-02; journal 2024 388295

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVAC R&D AS. Net result -5 597 NOK → -2 766 NOK. Equity 24.4k NOK → 21.6k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVAC R&D AS.

At a glance

Scorecard

Operating result
-5 600 NOK -3 546 NOK
+36.7%
Net result
-5 597 NOK -2 766 NOK
+50.6%
Equity
24.4k NOK 21.6k NOK
-11.3%
Cash
30.0k NOK 368 NOK
-98.8%
Total assets
30.0k NOK 21.1k NOK
-29.4%

What improved

  • ↑

    Operating result improved

    Operating result -5 600 NOK → -3 546 NOK. Calculated

  • ↑

    Net result improved

    Net result -5 597 NOK → -2 766 NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 24.4k NOK → 21.6k NOK (equity ratio 81.4% → 102.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 30.0k NOK → 368 NOK (-98.8% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 5.38× → -0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 20.0k NOK. Reported fact