ADVANCED MACHINE COMPANY AS: årsregnskap 2022 vs 2021
Shrank 53% on revenue, stronger earnings, cash halved-plus
approved 2023-06-23; registry 2023-07-12; journal 2023 575220
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANCED MACHINE COMPANY AS. Revenue 27.21m NOK → 12.69m NOK (-53.3%). Net result +749.8k NOK → +1.60m NOK. Equity 5.48m NOK → 7.07m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +640.5k NOK → +2.01m NOK (op. margin 2.4% → 15.8%). Calculated
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Net result improved
Net result +749.8k NOK → +1.60m NOK (net margin 2.8% → 12.6%). Calculated
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Equity strengthened
Book equity 5.48m NOK → 7.07m NOK. Calculated
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Payroll decreased
Salary cost 6.96m NOK → 5.57m NOK (26% → 44% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 27.21m NOK to 12.69m NOK (-53.3% YoY). Calculated
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Cash fell
Bank deposits 15.31m NOK → 5.76m NOK (-62.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (15.31m NOK → 5.76m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 8.61m NOK → 2.87m NOK (-66.7% YoY). Calculated