Org.nr 916 458 487 2018 → 2019 Year-over-year analysis

ADVANIA IBIZ AS: årsregnskap 2019 vs 2018

Grew 29% on revenue

approved 2020-05-31; registry 2020-06-30; journal 2020 508047

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVANIA IBIZ AS. Revenue 20.99m NOK → 27.06m NOK (+28.9%). Equity 2.23m NOK → 4.70m NOK.

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

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANIA IBIZ AS.

At a glance

Revenue

20.99m NOK 27.06m NOK

+28.9%

Operating result

+3.11m NOK +3.19m NOK

+2.8%

Net result

n/m +2.47m NOK

—

Equity

2.23m NOK 4.70m NOK

+110.7%

Cash

89.2k NOK 1.55m NOK

+1632.2%

Total assets

6.55m NOK 8.56m NOK

+30.7%

↑
Revenue rose

Operating income / revenue moved from 20.99m NOK to 27.06m NOK (+28.9% YoY). Calculated
↑
Operating result improved

Operating result +3.11m NOK → +3.19m NOK (op. margin 14.8% → 11.8%). Calculated
↑
Equity strengthened

Book equity 2.23m NOK → 4.70m NOK (equity ratio 34.1% → 55.0%). Calculated
↑
Cash rose

Bank deposits 89.2k NOK → 1.55m NOK (+1632.2% YoY). Calculated

·
Payroll increased

Salary cost 4.91m NOK → 6.23m NOK (23% → 23% of revenue). Calculated
·
COGS moved

COGS / varekostnad 11.80m NOK → 16.46m NOK (+39.4% YoY). Calculated