ADVANCE BUSINESS PARTNER AS: årsregnskap 2020 vs 2019
Shrank 25% on revenue, weaker earnings
approved 2021-01-29; registry 2021-05-01; journal 2021 213496
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANCE BUSINESS PARTNER AS. Revenue 6.88m NOK → 5.15m NOK (-25.1%). Net result +22.1k NOK → +2 730 NOK. Equity 230.6k NOK → 233.3k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCE BUSINESS PARTNER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 230.6k NOK → 233.3k NOK (equity ratio 12.1% → 25.6%). Calculated
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↑
Cash rose
Bank deposits 194.3k NOK → 498.6k NOK (+156.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.88m NOK to 5.15m NOK (-25.1% YoY). Calculated
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↓
Operating result weakened
Operating result +28.3k NOK → +2 273 NOK (op. margin 0.4% → 0.0%). Calculated
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↓
Net result weakened
Net result +22.1k NOK → +2 730 NOK (net margin 0.3% → 0.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 6.53m NOK → 4.55m NOK (-30.4% YoY). Calculated