ADVENIT AS: årsregnskap 2022 vs 2021
Shrank 22% on revenue, weaker earnings
approved 2023-02-01; registry 2023-06-07; journal 2023 433725
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVENIT AS. Revenue 13.61m NOK → 10.57m NOK (-22.3%). Net result +2.85m NOK → +456.9k NOK. Equity 2.95m NOK → 2.81m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVENIT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3.44m NOK → 4.92m NOK (+43.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.96× → 1.28×. Calculated
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↑
Payroll decreased
Salary cost 5.98m NOK → 5.45m NOK (44% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.61m NOK to 10.57m NOK (-22.3% YoY). Calculated
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↓
Operating result weakened
Operating result +3.10m NOK → +1.00m NOK (op. margin 22.8% → 9.5%). Calculated
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↓
Net result weakened
Net result +2.85m NOK → +456.9k NOK (net margin 20.9% → 4.3%). Calculated
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↓
Equity eroded
Book equity 2.95m NOK → 2.81m NOK (equity ratio 30.8% → 31.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.44m NOK → 3.00m NOK (-13.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.11m NOK → 3.95m NOK. Reported fact