ADVANCED ASSET MANAGEMENT AS: årsregnskap 2022 vs 2021
Slipped into loss, cash halved-plus
approved 2023-03-22; registry 2023-05-20; journal 2023 388436
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANCED ASSET MANAGEMENT AS. Net result +16.12m NOK → -6.67m NOK. Equity 150.03m NOK → 163.35m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVANCED ASSET MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 150.03m NOK → 163.35m NOK (equity ratio 99.9% → 99.9%). Calculated
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↑
Owners injected capital
Paid-in equity rose 116.56m NOK → 136.56m NOK (+20.00m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -654.8k NOK → -882.4k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 16.12m NOK profit to a loss of 6.67m NOK. Calculated
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↓
Cash fell
Bank deposits 7.62m NOK → 1.36m NOK (-82.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.62m NOK → 1.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation