FirmaIQ
Org.nr 922 128 790 2021 → 2022 Year-over-year analysis

ADVEN NORWAY AS: årsregnskap 2022 vs 2021

Grew 12% on revenue, slipped into loss, cash halved-plus

approved 2023-06-07; registry 2023-07-01; journal 2023 534920

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVEN NORWAY AS. Revenue 5.32m NOK → 5.96m NOK (+11.9%). Net result +1.16m NOK → -1.78m NOK. Equity 1.88m NOK → 3.10m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVEN NORWAY AS.

At a glance

Scorecard

Revenue
5.32m NOK 5.96m NOK
+11.9%
Operating result
+776.8k NOK +598.0k NOK
-23.0%
Net result
+1.16m NOK -1.78m NOK
-253.4%
Equity
1.88m NOK 3.10m NOK
+65.2%
Cash
10.98m NOK 4.34m NOK
-60.4%
Total assets
41.77m NOK 32.69m NOK
-21.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.32m NOK to 5.96m NOK (+11.9% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.88m NOK → 3.10m NOK (equity ratio 4.5% → 9.5%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +776.8k NOK → +598.0k NOK (op. margin 14.6% → 10.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.16m NOK profit to a loss of 1.78m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 10.98m NOK → 4.34m NOK (-60.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.98m NOK → 4.34m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation