ADVANCED ELECTRONICS AS: årsregnskap 2022 vs 2021
Grew 355% on revenue, stronger earnings, cash halved-plus
approved 2023-06-28; registry 2023-07-26; journal 2023 650925
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANCED ELECTRONICS AS. Revenue 346.8k NOK → 1.58m NOK (+355.5%). Net result +52.5k NOK → +69.1k NOK. Equity 5.11m NOK → 183.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVANCED ELECTRONICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 346.8k NOK to 1.58m NOK (+355.5% YoY). Calculated
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Operating result improved
Operating result +87.2k NOK → +115.3k NOK (op. margin 25.1% → 7.3%). Calculated
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Net result improved
Net result +52.5k NOK → +69.1k NOK (net margin 15.1% → 4.4%). Calculated
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Current ratio back above 1×
Current ratio 0.92× → 3.62×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.11m NOK → 183.3k NOK (equity ratio 516.4% → 38.8%). Calculated
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↓
Cash fell
Bank deposits 301.4k NOK → 25.8k NOK (-91.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 592 NOK → 783.2k NOK (1% → 50% of revenue). Calculated
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COGS fell
COGS / varekostnad 226.2k NOK → 68.8k NOK (-69.6% YoY). Calculated