ADVISETECH AS: årsregnskap 2022 vs 2021
Grew 85% on revenue, stronger earnings
approved 2023-02-27; registry 2023-03-21; journal 2023 329036
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVISETECH AS. Revenue 16.22m NOK → 29.98m NOK (+84.9%). Net result +3.48m NOK → +4.56m NOK. Equity 5.81m NOK → 7.56m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVISETECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.22m NOK to 29.98m NOK (+84.9% YoY). Calculated
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Operating result improved
Operating result +4.47m NOK → +5.87m NOK (op. margin 27.5% → 19.6%). Calculated
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Net result improved
Net result +3.48m NOK → +4.56m NOK (net margin 21.5% → 15.2%). Calculated
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Equity strengthened
Book equity 5.81m NOK → 7.56m NOK (equity ratio 55.3% → 48.1%). Calculated
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Cash rose
Bank deposits 8.25m NOK → 10.27m NOK (+24.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 10.96m NOK → 18.70m NOK (68% → 62% of revenue). Calculated
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COGS moved
COGS / varekostnad 177.6k NOK → 775.3k NOK (+336.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 25.8k NOK → 66.0k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 8 → 13.28. Reported fact