ADVISOR AS: årsregnskap 2022 vs 2021
Grew 13% on revenue, weaker earnings
approved 2023-05-31; registry 2023-07-12; journal 2023 575802
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVISOR AS. Revenue 21.35m NOK → 24.03m NOK (+12.5%). Net result -2.99m NOK → -3.80m NOK. Equity -5.52m NOK → -9.32m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVISOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.35m NOK to 24.03m NOK (+12.5% YoY). Calculated
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↑
Cash rose
Bank deposits 438.7k NOK → 528.1k NOK (+20.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -3.83m NOK → -4.86m NOK (op. margin -17.9% → -20.2%). Calculated
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↓
Net result weakened
Net result -2.99m NOK → -3.80m NOK (net margin -14.0% → -15.8%). Calculated
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↓
Equity eroded
Book equity -5.52m NOK → -9.32m NOK (equity ratio -65.6% → -66.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -66.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 12.84m NOK → 13.02m NOK (60% → 54% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.21m NOK → 3.98m NOK (+23.9% YoY). Calculated