ADVANTEK AS: årsregnskap 2022 vs 2021
Grew 76% on revenue, stronger earnings, cash halved-plus
registry 2023-08-23; journal 2023 711325
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVANTEK AS. Revenue 10.02m NOK → 17.60m NOK (+75.6%). Net result +1 097 NOK → +1.88m NOK. Equity 250.3k NOK → 354.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVANTEK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.02m NOK to 17.60m NOK (+75.6% YoY). Calculated
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Operating result improved
Operating result +4 720 NOK → +220.5k NOK (op. margin 0.0% → 1.3%). Calculated
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Net result improved
Net result +1 097 NOK → +1.88m NOK (net margin 0.0% → 10.7%). Calculated
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↑
Equity strengthened
Book equity 250.3k NOK → 354.3k NOK (equity ratio 3.9% → 0.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.85m NOK → 919.3k NOK (-50.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 8.75m NOK → 14.60m NOK (87% → 83% of revenue). Calculated
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Book investments changed
Investment / intangible book value 984.7k NOK → 32.01m NOK. Reported fact