FirmaIQ
Org.nr 979 323 794 2018 → 2019 Year-over-year analysis

ADVANCE BUSINESS PARTNER AS: årsregnskap 2019 vs 2018

Shrank 34% on revenue, stronger earnings

approved 2020-02-12; registry 2020-04-11; journal 2020 281523

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVANCE BUSINESS PARTNER AS. Revenue 10.35m NOK → 6.88m NOK (-33.6%). Net result +1 956 NOK → +22.1k NOK. Equity 208.5k NOK → 230.6k 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 ADVANCE BUSINESS PARTNER AS.

At a glance

Scorecard

Revenue
10.35m NOK 6.88m NOK
-33.6%
Operating result
+2 690 NOK +28.3k NOK
+950.5%
Net result
+1 956 NOK +22.1k NOK
+1030.1%
Equity
208.5k NOK 230.6k NOK
+10.6%
Cash
186.2k NOK 194.3k NOK
+4.4%
Total assets
1.22m NOK 1.91m NOK
+56.6%

What improved

  • ↑

    Operating result improved

    Operating result +2 690 NOK → +28.3k NOK (op. margin 0.0% → 0.4%). Calculated

  • ↑

    Net result improved

    Net result +1 956 NOK → +22.1k NOK (net margin 0.0% → 0.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 208.5k NOK → 230.6k NOK (equity ratio 17.1% → 12.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 186.2k NOK → 194.3k NOK (+4.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.35m NOK to 6.88m NOK (-33.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 9.95m NOK → 6.53m NOK (-34.4% YoY). Calculated