ADVANTEK AS: årsregnskap 2023 vs 2022
Grew 71% on revenue, weaker earnings, cash halved-plus
registry 2024-08-05; journal 2024 716172
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANTEK AS. Revenue 17.60m NOK → 30.01m NOK (+70.5%). Net result +1.88m NOK → +255.0k NOK. Equity 354.3k NOK → 609.3k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs moved; book investments changed; headcount (årsverk) 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 17.60m NOK to 30.01m NOK (+70.5% YoY). Calculated
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↑
Operating result improved
Operating result +220.5k NOK → +428.6k NOK (op. margin 1.3% → 1.4%). Calculated
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↑
Equity strengthened
Book equity 354.3k NOK → 609.3k NOK (equity ratio 0.9% → 1.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result +1.88m NOK → +255.0k NOK (net margin 10.7% → 0.8%). Calculated
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↓
Cash fell
Bank deposits 919.3k NOK → 215.0k NOK (-76.6% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 467.6k NOK → 906.1k NOK (+93.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 32.01m NOK → 35.55m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 0 → 23. Reported fact