Org.nr 916 156 146 2018 → 2019 Year-over-year analysis

ADVANIA HOLDING AS: årsregnskap 2019 vs 2018

Returned to profit

approved 2020-07-08; registry 2020-07-23; journal 2020 597200

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVANIA HOLDING AS. Net result -488.1k NOK → +2 019 NOK. Equity 1.92m NOK → 2 050 NOK.

On the constructive side: turned profitable. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANIA HOLDING AS.

At a glance

Operating result

n/m -1.10m NOK

—

Net result

-488.1k NOK +2 019 NOK

+100.4%

Equity

1.92m NOK 2 050 NOK

-99.9%

Cash

92.2k NOK 48.0k NOK

-48.0%

Total assets

16.99m NOK 226.25m NOK

+1231.6%

↑
Turned profitable

Net result flipped from a loss of 488.1k NOK to a profit of 2 019 NOK. Calculated

↓
Equity eroded

Book equity 1.92m NOK → 2 050 NOK (equity ratio 11.3% → 0.0%). Calculated
↓
Cash fell

Bank deposits 92.2k NOK → 48.0k NOK (-48.0% YoY). Calculated

·
Thin equity buffer

Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation