ADV FINANCE AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue, stronger earnings
approved 2021-06-25; registry 2021-07-17; journal 2021 501282
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADV FINANCE AS. Revenue 10.22m NOK → 9.41m NOK (-7.9%). Net result +38.9k NOK → +121.5k NOK. Equity 452.9k NOK → 12.57m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue 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 +230.8k NOK → +253.7k NOK (op. margin 2.3% → 2.7%). Calculated
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↑
Net result improved
Net result +38.9k NOK → +121.5k NOK (net margin 0.4% → 1.3%). Calculated
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↑
Equity strengthened
Book equity 452.9k NOK → 12.57m NOK (equity ratio 60.0% → 534.4%). Calculated
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↑
Cash rose
Bank deposits 343.7k NOK → 797.3k NOK (+132.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.22m NOK to 9.41m NOK (-7.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.06m NOK → 7.58m NOK (-5.9% YoY). Calculated