ADVANTEK ENGINEERING AS: årsregnskap 2023 vs 2022
Grew 31% on revenue, stronger earnings
approved 2024-06-26; registry 2024-08-03; journal 2024 707869
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANTEK ENGINEERING AS. Revenue 68.15m NOK → 89.00m NOK (+30.6%). Net result +1.57m NOK → +2.58m NOK. Equity 110.3k NOK → 588.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVANTEK ENGINEERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 68.15m NOK to 89.00m NOK (+30.6% YoY). Calculated
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Operating result improved
Operating result +1.69m NOK → +3.49m NOK (op. margin 2.5% → 3.9%). Calculated
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Net result improved
Net result +1.57m NOK → +2.58m NOK (net margin 2.3% → 2.9%). Calculated
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Equity strengthened
Book equity 110.3k NOK → 588.4k NOK (equity ratio 0.5% → 2.1%). Calculated
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Current ratio back above 1×
Current ratio 0.98× → 1.05×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 962.5k NOK → 849.5k NOK (-11.7% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 25.19m NOK → 54.68m NOK (+117.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 660.3k NOK → 117.4k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 45 → 27. Reported fact