ADVANTEK DIGITAL AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
registry 2024-08-03; journal 2024 707853
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANTEK DIGITAL AS. Revenue 19.76m NOK → 18.99m NOK (-3.9%). Net result -1.32m NOK → -1.67m NOK. Equity 568.8k NOK → 7 608 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVANTEK DIGITAL AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 19.76m NOK to 18.99m NOK (-3.9% YoY). Calculated
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Operating result weakened
Operating result -791.2k NOK → -2.13m NOK (op. margin -4.0% → -11.2%). Calculated
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Net result weakened
Net result -1.32m NOK → -1.67m NOK (net margin -6.7% → -8.8%). Calculated
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Equity eroded
Book equity 568.8k NOK → 7 608 NOK (equity ratio 8.2% → 0.1%). Calculated
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Cash fell
Bank deposits 646.4k NOK → 14.9k NOK (-97.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 10.7k NOK → 10 NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 11 → 13. Reported fact