ADVANTAGE AS: årsregnskap 2022 vs 2021
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2023-06-06; registry 2023-06-12; journal 2023 478180
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANTAGE AS. Revenue 17.9k NOK → 19.5k NOK (+9.2%). Net result -79.3k NOK → -106.5k NOK. Equity 92.7k NOK → -13.8k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVANTAGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.9k NOK to 19.5k NOK (+9.2% YoY). Calculated
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↑
Operating result improved
Operating result -54.5k NOK → -42.5k NOK (op. margin -305.3% → -218.1%). Calculated
What deteriorated
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↓
Net result weakened
Net result -79.3k NOK → -106.5k NOK (net margin -444.3% → -545.9%). Calculated
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↓
Equity eroded
Book equity 92.7k NOK → -13.8k NOK (equity ratio 7.0% → -0.5%). Calculated
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↓
Cash fell
Bank deposits 576.7k NOK → 2 095 NOK (-99.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 17.0k NOK → 40.8k NOK (+139.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.65m NOK → 130.8k NOK. Reported fact