ADVANIA NORGE AS: årsregnskap 2023 vs 2022
Cash halved-plus
approved 2024-04-22; registry 2024-06-12; journal 2024 462089
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANIA NORGE AS. Revenue 2.46bn NOK → 2.55bn NOK (+3.8%). Net result +134.48m NOK → +154.83m NOK. Equity 6.52bn NOK → 13.56bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. 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 2.46bn NOK to 2.55bn NOK (+3.8% YoY). Calculated
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Operating result improved
Operating result +159.27m NOK → +162.92m NOK (op. margin 6.5% → 6.4%). Calculated
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Net result improved
Net result +134.48m NOK → +154.83m NOK (net margin 5.5% → 6.1%). Calculated
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Equity strengthened
Book equity 6.52bn NOK → 13.56bn NOK (equity ratio 560.1% → 994.1%). Calculated
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Owners injected capital
Paid-in equity rose 183.49m NOK → 184.29m NOK (+800.0k NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 16.16m NOK → 1.13m NOK (-93.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (16.16m NOK → 1.13m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 4.60bn NOK → 5.72bn NOK (187% → 225% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.41bn NOK → 1.41bn NOK (-0.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 378 NOK → 366.83m NOK. Reported fact