FirmaIQ
Org.nr 918 271 759 2019 → 2020 Year-over-year analysis

ADVANCED INNOVATIONS AS: årsregnskap 2020 vs 2019

Grew 84% on revenue, stronger earnings

approved 2021-06-06; registry 2021-06-08; journal 2021 401875

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVANCED INNOVATIONS AS. Revenue 153.6k NOK → 282.1k NOK (+83.7%). Net result +44.0k NOK → +71.3k NOK. Equity -124.0k NOK → -52.7k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
153.6k NOK 282.1k NOK
+83.7%
Operating result
+45.7k NOK +69.0k NOK
+51.1%
Net result
+44.0k NOK +71.3k NOK
+61.8%
Equity
-124.0k NOK -52.7k NOK
+57.5%
Cash
36.5k NOK 39.9k NOK
+9.4%
Total assets
45.8k NOK 64.9k NOK
+41.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 153.6k NOK to 282.1k NOK (+83.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +45.7k NOK → +69.0k NOK (op. margin 29.8% → 24.5%). Calculated

  • ↑

    Net result improved

    Net result +44.0k NOK → +71.3k NOK (net margin 28.7% → 25.3%). Calculated

  • ↑

    Equity strengthened

    Book equity -124.0k NOK → -52.7k NOK (equity ratio -270.7% → -81.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 36.5k NOK → 39.9k NOK (+9.4% YoY). Calculated