ADV FINANCE AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-07-23; registry 2020-08-04; journal 2020 642348
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADV FINANCE AS. Revenue 10.70m NOK → 10.22m NOK (-4.5%). Net result +76.4k NOK → +38.9k NOK. Equity 414.0k NOK → 452.9k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADV FINANCE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +150.4k NOK → +230.8k NOK (op. margin 1.4% → 2.3%). Calculated
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↑
Equity strengthened
Book equity 414.0k NOK → 452.9k NOK (equity ratio 240.0% → 60.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.70m NOK to 10.22m NOK (-4.5% YoY). Calculated
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↓
Net result weakened
Net result +76.4k NOK → +38.9k NOK (net margin 0.7% → 0.4%). Calculated
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↓
Cash fell
Bank deposits 468.3k NOK → 343.7k NOK (-26.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 9.16m NOK → 8.06m NOK (-12.0% YoY). Calculated