FirmaIQ
Org.nr 979 623 151 2021 → 2022 Year-over-year analysis

ADVANIA FOCUS AS: årsregnskap 2022 vs 2021

Grew 14% on revenue, fresh owner capital

approved 2023-06-22; registry 2023-08-15; journal 2023 680299

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVANIA FOCUS AS. Revenue 59.04m NOK → 67.35m NOK (+14.1%). Net result +6.90m NOK → +8.21m NOK. Equity 13.41m NOK → 12.90m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANIA FOCUS AS.

At a glance

Scorecard

Revenue
59.04m NOK 67.35m NOK
+14.1%
Operating result
+8.80m NOK +10.21m NOK
+16.1%
Net result
+6.90m NOK +8.21m NOK
+19.0%
Equity
13.41m NOK 12.90m NOK
-3.8%
Cash
20.11m NOK 25.94m NOK
+28.9%
Total assets
31.49m NOK 41.11m NOK
+30.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 59.04m NOK to 67.35m NOK (+14.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +8.80m NOK → +10.21m NOK (op. margin 14.9% → 15.2%). Calculated

  • ↑

    Net result improved

    Net result +6.90m NOK → +8.21m NOK (net margin 11.7% → 12.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 20.11m NOK → 25.94m NOK (+28.9% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 515 NOK → 3.00m NOK (+3.00m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 13.41m NOK → 12.90m NOK (equity ratio 42.6% → 31.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 21.00m NOK → 21.60m NOK (36% → 32% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 21.13m NOK → 30.45m NOK (+44.1% YoY). Calculated