ADVANCED ELECTRONICS AS: årsregnskap 2023 vs 2022
Grew 63% on revenue, stronger earnings
approved 2024-03-25; registry 2024-05-30; journal 2024 457266
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANCED ELECTRONICS AS. Revenue 1.58m NOK → 2.58m NOK (+63.1%). Net result +69.1k NOK → +563.9k NOK. Equity 183.3k NOK → 747.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
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 1.58m NOK to 2.58m NOK (+63.1% YoY). Calculated
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Operating result improved
Operating result +115.3k NOK → +774.1k NOK (op. margin 7.3% → 30.1%). Calculated
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Net result improved
Net result +69.1k NOK → +563.9k NOK (net margin 4.4% → 21.9%). Calculated
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Equity strengthened
Book equity 183.3k NOK → 747.3k NOK (equity ratio 38.8% → 29.2%). Calculated
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Cash rose
Bank deposits 25.8k NOK → 557.3k NOK (+2060.0% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 3.62× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 783.2k NOK → 911.0k NOK (50% → 35% of revenue). Calculated
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COGS fell
COGS / varekostnad 68.8k NOK → 48.0k NOK (-30.3% YoY). Calculated