FirmaIQ
Org.nr 979 623 151 2020 → 2021 Year-over-year analysis

ADVANIA FOCUS AS: årsregnskap 2021 vs 2020

Grew 73% on revenue, stronger earnings

approved 2022-06-30; registry 2022-07-07; journal 2022 596541

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVANIA FOCUS AS. Revenue 34.09m NOK → 59.04m NOK (+73.2%). Net result +3.69m NOK → +6.90m NOK. Equity 7.71m NOK → 13.41m NOK.

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

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANIA FOCUS AS.

At a glance

Scorecard

Revenue
34.09m NOK 59.04m NOK
+73.2%
Operating result
+4.58m NOK +8.80m NOK
+92.1%
Net result
+3.69m NOK +6.90m NOK
+87.2%
Equity
7.71m NOK 13.41m NOK
+73.9%
Cash
7.62m NOK 20.11m NOK
+164.0%
Total assets
14.48m NOK 31.49m NOK
+117.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 34.09m NOK to 59.04m NOK (+73.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +4.58m NOK → +8.80m NOK (op. margin 13.4% → 14.9%). Calculated

  • ↑

    Net result improved

    Net result +3.69m NOK → +6.90m NOK (net margin 10.8% → 11.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 7.71m NOK → 13.41m NOK (equity ratio 53.2% → 42.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 7.62m NOK → 20.11m NOK (+164.0% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 355.5k NOK → 515 NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 14.02m NOK → 21.00m NOK (41% → 36% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 10.87m NOK → 21.13m NOK (+94.4% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 18 → 37. Reported fact