Org.nr 999 155 278 2021 → 2022 Year-over-year analysis

ADVANCE EIENDOM AS: årsregnskap 2022 vs 2021

Grew 5% on revenue, weaker earnings, fresh owner capital

approved 2023-06-09; registry 2023-06-27; journal 2023 528401

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVANCE EIENDOM AS. Revenue 1.29m NOK → 1.35m NOK (+5.2%). Net result +261.4k NOK → +29.4k NOK. Equity -197.8k NOK → 49.9k NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCE EIENDOM AS.

Scorecard

Revenue
1.29m NOK 1.35m NOK
+5.2%
Operating result
+521.2k NOK +315.2k NOK
-39.5%
Net result
+261.4k NOK +29.4k NOK
-88.8%
Equity
-197.8k NOK 49.9k NOK
+125.3%
Cash
605.3k NOK 625.2k NOK
+3.3%
Total assets
5.58m NOK 5.16m NOK
-7.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.29m NOK to 1.35m NOK (+5.2% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity -197.8k NOK → 49.9k NOK (equity ratio -3.5% → 1.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 605.3k NOK → 625.2k NOK (+3.3% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 30.0k NOK → 280.0k NOK (+250.0k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +521.2k NOK → +315.2k NOK (op. margin 40.6% → 23.3%). Calculated

  • ↓

    Net result weakened

    Net result +261.4k NOK → +29.4k NOK (net margin 20.3% → 2.2%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 6 065 NOK → 0 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 220.0k NOK → 250 NOK. Reported fact