ADVANCED CONTROL AS: årsregnskap 2023 vs 2022
Grew 17% on revenue, weaker earnings
approved 2024-06-27; registry 2024-07-10; journal 2024 609418
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANCED CONTROL AS. Revenue 9.03m NOK → 10.55m NOK (+16.7%). Net result +12.97m NOK → +6.08m NOK. Equity 16.06m NOK → 9.20m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.03m NOK to 10.55m NOK (+16.7% YoY). Calculated
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Operating result improved
Operating result +442.9k NOK → +591.0k NOK (op. margin 4.9% → 5.6%). Calculated
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Payroll decreased
Salary cost 4.07m NOK → 3.78m NOK (45% → 36% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +12.97m NOK → +6.08m NOK (net margin 143.6% → 57.6%). Calculated
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↓
Equity eroded
Book equity 16.06m NOK → 9.20m NOK (equity ratio 18.7% → 12.0%). Calculated
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↓
Cash fell
Bank deposits 515.4k NOK → 489.9k NOK (-5.0% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 14.14m NOK → 5.43m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 3.05m NOK → 3.99m NOK (+31.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 12.18m NOK → 14.12m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 0 → 4. Reported fact