FirmaIQ
Org.nr 979 515 715 2021 → 2022 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2022 vs 2021

Grew 24% on revenue

approved 2023-03-31; registry 2023-04-11; journal 2023 345257

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVENT NORWAY AS. Revenue 18.80m NOK → 23.36m NOK (+24.3%). Net result +1.62m NOK → +1.84m NOK. Equity 6.48m NOK → 8.32m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVENT NORWAY AS.

At a glance

Scorecard

Revenue
18.80m NOK 23.36m NOK
+24.3%
Operating result
+1.49m NOK +3.44m NOK
+130.8%
Net result
+1.62m NOK +1.84m NOK
+13.5%
Equity
6.48m NOK 8.32m NOK
+28.4%
Cash
2.11m NOK 2.20m NOK
+4.3%
Total assets
13.92m NOK 13.33m NOK
-4.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.80m NOK to 23.36m NOK (+24.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.49m NOK → +3.44m NOK (op. margin 7.9% → 14.7%). Calculated

  • ↑

    Net result improved

    Net result +1.62m NOK → +1.84m NOK (net margin 8.6% → 7.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 6.48m NOK → 8.32m NOK (equity ratio 46.6% → 62.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.11m NOK → 2.20m NOK (+4.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 10.80m NOK → 11.92m NOK (57% → 51% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 4.53m NOK → 4.86m NOK (+7.3% YoY). Calculated