ADVISORWEST AS: årsregnskap 2023 vs 2022
Shrank 15% on revenue, stronger earnings
approved 2024-08-19; registry 2024-08-22; journal 2024 735090
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVISORWEST AS. Revenue 6.93m NOK → 5.87m NOK (-15.3%). Net result +85.3k NOK → +3.16m NOK. Equity 829.3k NOK → 990.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +111.3k NOK → +229.7k NOK (op. margin 1.6% → 3.9%). Calculated
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Net result improved
Net result +85.3k NOK → +3.16m NOK (net margin 1.2% → 53.9%). Calculated
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Equity strengthened
Book equity 829.3k NOK → 990.7k NOK (equity ratio 39.2% → 62.3%). Calculated
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Payroll decreased
Salary cost 3.74m NOK → 3.37m NOK (54% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.93m NOK to 5.87m NOK (-15.3% YoY). Calculated
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↓
Cash fell
Bank deposits 624.1k NOK → 383.0k NOK (-38.6% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 311.2k NOK → 385.6k NOK (+23.9% YoY). Calculated