ADVANIA NORGE AS: årsregnskap 2022 vs 2021
Grew 176% on revenue, stronger earnings, cash halved-plus
approved 2023-06-20; registry 2023-07-06; journal 2023 556642
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANIA NORGE AS. Revenue 889.87m NOK → 2.46bn NOK (+176.0%). Net result +45.62m NOK → +134.48m NOK. Equity 6.14bn NOK → 6.52bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANIA NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 889.87m NOK to 2.46bn NOK (+176.0% YoY). Calculated
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Operating result improved
Operating result +35.42m NOK → +159.27m NOK (op. margin 4.0% → 6.5%). Calculated
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Net result improved
Net result +45.62m NOK → +134.48m NOK (net margin 5.1% → 5.5%). Calculated
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Equity strengthened
Book equity 6.14bn NOK → 6.52bn NOK (equity ratio 1825.8% → 560.1%). Calculated
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Owners injected capital
Paid-in equity rose 98.29m NOK → 183.49m NOK (+85.20m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 72.97m NOK → 16.16m NOK (-77.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.60× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (72.97m NOK → 16.16m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 63.19m NOK → 4.60bn NOK (7% → 187% of revenue). Calculated
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COGS moved
COGS / varekostnad 764.60m NOK → 1.41bn NOK (+83.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 261.9k NOK → 378 NOK. Reported fact