ADVT AS: årsregnskap 2023 vs 2022
Grew 122% on revenue, stronger earnings
approved 2024-05-06; registry 2024-06-27; journal 2024 556019
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVT AS. Revenue 56.8k NOK → 126.3k NOK (+122.1%). Net result +8 381 NOK → +55.5k NOK. Equity 9.37m NOK → 124.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 56.8k NOK to 126.3k NOK (+122.1% YoY). Calculated
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Operating result improved
Operating result +8 479 NOK → +70.6k NOK (op. margin 14.9% → 55.9%). Calculated
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Net result improved
Net result +8 381 NOK → +55.5k NOK (net margin 14.7% → 43.9%). Calculated
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Cash rose
Bank deposits 17.4k NOK → 74.7k NOK (+328.6% YoY). Calculated
What deteriorated
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Equity eroded
Book equity 9.37m NOK → 124.9k NOK (equity ratio 99.3% → 1.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation