ADVANCE EDGE HOLDING AS: årsregnskap 2023 vs 2022
Shrank 100% on revenue, slipped into loss, cash halved-plus
registry 2024-04-25; journal 2024 376778
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANCE EDGE HOLDING AS. Revenue 304.2k NOK → 304 NOK (-99.9%). Net result +76.5k NOK → -13.9k NOK. Equity 134.9k NOK → 121 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCE EDGE HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 304.2k NOK to 304 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +98.0k NOK → -13.9k NOK (op. margin 32.2% → -4565.1%). Calculated
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Fell into a net loss
Net result flipped from 76.5k NOK profit to a loss of 13.9k NOK. Calculated
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Equity eroded
Book equity 134.9k NOK → 121 NOK (equity ratio 183.0% → 0.3%). Calculated
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Cash fell
Bank deposits 43.7k NOK → 9 211 NOK (-78.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation