ADVANCED CONTROL AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue, stronger earnings, cash halved-plus
approved 2021-06-28; registry 2021-07-22; journal 2021 524526
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANCED CONTROL AS. Revenue 14.03m NOK → 12.95m NOK (-7.7%). Net result +5.36m NOK → +7.17m NOK. Equity 22.48m NOK → 24.86m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +5.36m NOK → +7.17m NOK (net margin 38.2% → 55.3%). Calculated
-
↑
Equity strengthened
Book equity 22.48m NOK → 24.86m NOK (equity ratio 44.5% → 53.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 14.03m NOK to 12.95m NOK (-7.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +966.2k NOK → +851.5k NOK (op. margin 6.9% → 6.6%). Calculated
-
↓
Cash fell
Bank deposits 2.70m NOK → 697.9k NOK (-74.1% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 4.80m NOK → 5.19m NOK (34% → 40% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.70m NOK → 697.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 8.94m NOK → 8.91m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 6.52m NOK → 4.21m NOK (-35.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 2 028 NOK → 3.78m NOK. Reported fact