AVECTOR AS: årsregnskap 2022 vs 2021
Shrank 75% on revenue, weaker earnings, cash halved-plus
approved 2023-06-28; registry 2023-07-03; journal 2023 546419
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AVECTOR AS. Revenue 2.85m NOK → 700.8k NOK (-75.4%). Net result +2.17m NOK → +412.1k NOK. Equity 12.47m NOK → 12.84m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for AVECTOR AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 12.47m NOK → 12.84m NOK (equity ratio 80.9% → 83.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.85m NOK to 700.8k NOK (-75.4% YoY). Calculated
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↓
Operating result weakened
Operating result +2.71m NOK → +580.7k NOK (op. margin 95.0% → 82.9%). Calculated
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↓
Net result weakened
Net result +2.17m NOK → +412.1k NOK (net margin 75.9% → 58.8%). Calculated
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↓
Cash fell
Bank deposits 3.69m NOK → 1.40m NOK (-62.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.69m NOK → 1.40m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1 304 NOK → 2.05m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact