ADVACO AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-05-08; registry 2021-06-10; journal 2021 282337
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVACO AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +5.54m NOK → +10.2k NOK. Equity 16.30m NOK → 11.51m NOK.
On the constructive side: cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVACO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 922.7k NOK → 7.52m NOK (+714.7% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -18.7k NOK → -21.0k NOK. Calculated
-
↓
Net result weakened
Net result +5.54m NOK → +10.2k NOK. Calculated
-
↓
Equity eroded
Book equity 16.30m NOK → 11.51m NOK (equity ratio 99.9% → 86.6%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 721.0k NOK → 51.6k NOK. Reported fact