ADVISORWEST AS: årsregnskap 2022 vs 2021
Grew 46% on revenue, weaker earnings
approved 2023-06-30; registry 2023-08-02; journal 2023 696534
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVISORWEST AS. Revenue 4.75m NOK → 6.93m NOK (+46.0%). Net result +3.57m NOK → +85.3k NOK. Equity 743.9k NOK → 829.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVISORWEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.75m NOK to 6.93m NOK (+46.0% YoY). Calculated
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↑
Equity strengthened
Book equity 743.9k NOK → 829.3k NOK (equity ratio 79.8% → 39.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +751.8k NOK → +111.3k NOK (op. margin 15.8% → 1.6%). Calculated
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↓
Net result weakened
Net result +3.57m NOK → +85.3k NOK (net margin 75.2% → 1.2%). Calculated
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↓
Cash fell
Bank deposits 837.0k NOK → 624.1k NOK (-25.4% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.87m NOK → 3.74m NOK (39% → 54% of revenue). Calculated
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COGS fell
COGS / varekostnad 967.8k NOK → 311.2k NOK (-67.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 253.8k NOK → 303.8k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 2 → 4. Reported fact