ADVANTA AS: årsregnskap 2022 vs 2021
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2023-05-27; registry 2023-07-06; journal 2023 581237
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANTA AS. Revenue 266.3k NOK → 266 NOK (-99.9%). Net result +209.4k NOK → -62.6k NOK. Equity -249.9k NOK → -312.5k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVANTA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 266.3k NOK to 266 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +226.7k NOK → -62.6k NOK (op. margin 85.1% → -23535.7%). Calculated
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Fell into a net loss
Net result flipped from 209.4k NOK profit to a loss of 62.6k NOK. Calculated
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Equity eroded
Book equity -249.9k NOK → -312.5k NOK (equity ratio -246.5% → -300.0%). Calculated
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Cash fell
Bank deposits 682.4k NOK → 1 394 NOK (-99.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -300.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 100.7k NOK → 102.8k NOK. Reported fact