ADVANCED CONTROL - POWER & DRIVES AS: årsregnskap 2023 vs 2022
Grew 204% on revenue, slipped into loss
approved 2024-04-03; registry 2024-05-30; journal 2024 457035
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANCED CONTROL - POWER & DRIVES AS. Revenue 827.3k NOK → 2.52m NOK (+204.1%). Net result +367.7k NOK → -352.1k NOK. Equity 10.33m NOK → 10.98m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL - POWER & DRIVES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 827.3k NOK to 2.52m NOK (+204.1% YoY). Calculated
-
↑
Operating result improved
Operating result +336.0k NOK → +545.6k NOK (op. margin 40.6% → 21.7%). Calculated
-
↑
Equity strengthened
Book equity 10.33m NOK → 10.98m NOK (equity ratio 95.6% → 95.7%). Calculated
-
↑
Cash rose
Bank deposits 65.0k NOK → 68.6k NOK (+5.5% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 10.00m NOK → 11.00m NOK (+1.00m NOK). Reported fact
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 367.7k NOK profit to a loss of 352.1k NOK. Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.03m NOK → 1.11m NOK (124% → 44% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 969.7k NOK → 147.1k NOK (-84.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 5 790 NOK → 4.96m NOK. Reported fact