ADVANCE AS: årsregnskap 2022 vs 2021
Shrank 77% on revenue, slipped into loss
approved 2023-05-26; registry 2023-06-01; journal 2023 451244
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANCE AS. Revenue 1.26m NOK → 294.1k NOK (-76.7%). Net result +34.0k NOK → -40.1k NOK. Equity 281.9k NOK → 241.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 77.6k NOK → 84.9k NOK (+9.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.95m NOK → 145.4k NOK (155% → 49% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.26m NOK to 294.1k NOK (-76.7% YoY). Calculated
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↓
Operating result weakened
Operating result +43.0k NOK → -16.4k NOK (op. margin 3.4% → -5.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 34.0k NOK profit to a loss of 40.1k NOK. Calculated
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↓
Equity eroded
Book equity 281.9k NOK → 241.8k NOK (equity ratio 37.7% → 42.7%). Calculated