ADVANTAGE DEVELOPMENT AS: årsregnskap 2022 vs 2021
Shrank 100% on revenue, weaker earnings
approved 2023-06-28; registry 2023-07-03; journal 2023 550328
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANTAGE DEVELOPMENT AS. Revenue 830.9k NOK → 1 151 NOK (-99.9%). Net result -2 252 NOK → -97.2k NOK. Equity 46.1k NOK → -51.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANTAGE DEVELOPMENT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 830.9k NOK to 1 151 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +19.1k NOK → -97.2k NOK (op. margin 2.3% → -8441.0%). Calculated
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↓
Net result weakened
Net result -2 252 NOK → -97.2k NOK (net margin -0.3% → -8441.0%). Calculated
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↓
Equity eroded
Book equity 46.1k NOK → -51.1k NOK (equity ratio 29.9% → -0.0%). Calculated
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↓
Cash fell
Bank deposits 115.3k NOK → 63.7k NOK (-44.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation