ADVANCED COST REDUCTION AS: årsregnskap 2020 vs 2019
Grew 162% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-04; journal 2021 871098
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANCED COST REDUCTION AS. Revenue 20.0k NOK → 52.4k NOK (+161.9%). Net result +234.8k NOK → -11.8k NOK. Equity -339.1k NOK → -350.9k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED COST REDUCTION AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.0k NOK to 52.4k NOK (+161.9% YoY). Calculated
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Cash rose
Bank deposits 16.9k NOK → 57.1k NOK (+237.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +216.4k NOK → +3 987 NOK (op. margin 1081.8% → 7.6%). Calculated
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Fell into a net loss
Net result flipped from 234.8k NOK profit to a loss of 11.8k NOK. Calculated
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Equity eroded
Book equity -339.1k NOK → -350.9k NOK (equity ratio -79.8% → -81.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -81.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation