ADVEST KONTORDRIFT AS: årsregnskap 2022 vs 2021
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2023-02-15; registry 2023-03-04; journal 2023 316223
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVEST KONTORDRIFT AS. Revenue 1.84m NOK → 1.74m NOK (-5.8%). Net result -15.6k NOK → -107.4k NOK. Equity 31.9k NOK → -75.5k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVEST KONTORDRIFT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.84m NOK to 1.74m NOK (-5.8% YoY). Calculated
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Operating result weakened
Operating result -17.4k NOK → -134.8k NOK (op. margin -0.9% → -7.8%). Calculated
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↓
Net result weakened
Net result -15.6k NOK → -107.4k NOK (net margin -0.8% → -6.2%). Calculated
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↓
Equity eroded
Book equity 31.9k NOK → -75.5k NOK (equity ratio 10.9% → -50.3%). Calculated
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Cash fell
Bank deposits 240.6k NOK → 36.0k NOK (-85.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -50.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation