ADVANCED CONTROL ROBOTIC AS: årsregnskap 2022 vs 2021
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2023-01-19; registry 2023-05-30; journal 2023 437359
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANCED CONTROL ROBOTIC AS. Revenue 5.18m NOK → 5.95m NOK (+15.0%). Net result +5.61m NOK → +19.49m NOK. Equity 10.30m NOK → 2.79m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVANCED CONTROL ROBOTIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.18m NOK to 5.95m NOK (+15.0% YoY). Calculated
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Operating result improved
Operating result +2.37m NOK → +2.51m NOK (op. margin 45.7% → 42.2%). Calculated
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Net result improved
Net result +5.61m NOK → +19.49m NOK (net margin 108.4% → 327.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.30m NOK → 2.79m NOK (equity ratio 50.7% → 8.5%). Calculated
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↓
Cash fell
Bank deposits 315.6k NOK → 138.0k NOK (-56.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 37.21m NOK → 10.21m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1.81m NOK → 1.88m NOK (35% → 32% of revenue). Calculated
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COGS fell
COGS / varekostnad 947.6k NOK → 288.6k NOK (-69.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 5 700 NOK → 5.70m NOK. Reported fact