ADVANCE ENGINEERING AS: årsregnskap 2021 vs 2020
Grew 199% on revenue, returned to profit, cash halved-plus
approved 2022-01-08; registry 2022-03-03; journal 2022 131861
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANCE ENGINEERING AS. Revenue 850 NOK → 2 542 NOK (+199.1%). Net result -5 870 NOK → +1.28m NOK. Equity 24.1k NOK → 59.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVANCE ENGINEERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 850 NOK to 2 542 NOK (+199.1% YoY). Calculated
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Operating result improved
Operating result -5 870 NOK → +1 646 NOK (op. margin -690.6% → 64.8%). Calculated
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Turned profitable
Net result flipped from a loss of 5 870 NOK to a profit of 1.28m NOK. Calculated
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Equity strengthened
Book equity 24.1k NOK → 59.9k NOK (equity ratio 100.0% → 3.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 24.1k NOK → 1 342 NOK (-94.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact