ADVEN NORWAY AS: årsregnskap 2023 vs 2022
Grew 7% on revenue, weaker earnings, fresh owner capital
approved 2024-06-28; registry 2024-07-13; journal 2024 622601
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVEN NORWAY AS. Revenue 5.96m NOK → 6.38m NOK (+7.2%). Net result -1.78m NOK → -2.33m NOK. Equity 3.10m NOK → 776.0k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVEN NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.96m NOK to 6.38m NOK (+7.2% YoY). Calculated
-
↑
Cash rose
Bank deposits 4.34m NOK → 5.31m NOK (+22.3% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 3.03m NOK → 6.03m NOK (+3.00m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result +598.0k NOK → +276.3k NOK (op. margin 10.0% → 4.3%). Calculated
-
↓
Net result weakened
Net result -1.78m NOK → -2.33m NOK (net margin -29.8% → -36.5%). Calculated
-
↓
Equity eroded
Book equity 3.10m NOK → 776.0k NOK (equity ratio 9.5% → 2.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation