ADVICE VISUALS AS: årsregnskap 2022 vs 2021
Shrank 82% on revenue, stronger earnings, cash halved-plus
approved 2023-05-25; registry 2023-06-01; journal 2023 446919
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVICE VISUALS AS. Revenue 71.5k NOK → 13.0k NOK (-81.8%). Net result -38.9k NOK → -5 134 NOK. Equity -16.0k NOK → -21.1k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVICE VISUALS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -38.9k NOK → -5 153 NOK (op. margin -54.4% → -39.6%). Calculated
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Net result improved
Net result -38.9k NOK → -5 134 NOK (net margin -54.4% → -39.5%). Calculated
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Payroll decreased
Salary cost 76.9k NOK → -6 659 NOK (108% → -51% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 71.5k NOK to 13.0k NOK (-81.8% YoY). Calculated
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Equity eroded
Book equity -16.0k NOK → -21.1k NOK (equity ratio -38.5% → -488.1%). Calculated
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Cash fell
Bank deposits 30.5k NOK → 3 932 NOK (-87.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -488.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation