Org.nr 992 009 241 2018 → 2019 Year-over-year analysis

ADVANIA NORGE AS: årsregnskap 2019 vs 2018

Grew 49% on revenue, cash halved-plus, fresh owner capital

approved 2020-04-06; registry 2020-04-14; journal 2020 286724

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVANIA NORGE AS. Revenue 392.00m NOK → 582.94m NOK (+48.7%). Equity 42.98m NOK → 41.53m NOK.

On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: equity eroded; cash fell.

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

At a glance

Revenue

392.00m NOK 582.94m NOK

+48.7%

Operating result

+29.24m NOK +33.20m NOK

+13.6%

Net result

n/m +26.28m NOK

—

Equity

42.98m NOK 41.53m NOK

-3.4%

Cash

65.28m NOK 27.37m NOK

-58.1%

Total assets

132.98m NOK 133.48m NOK

+0.4%

↑
Revenue rose

Operating income / revenue moved from 392.00m NOK to 582.94m NOK (+48.7% YoY). Calculated
↑
Operating result improved

Operating result +29.24m NOK → +33.20m NOK (op. margin 7.5% → 5.7%). Calculated
↑
Owners injected capital

Paid-in equity rose 1.00m NOK → 30.25m NOK (+29.25m NOK). Reported fact

↓
Equity eroded

Book equity 42.98m NOK → 41.53m NOK (equity ratio 32.3% → 31.1%). Calculated
↓
Cash fell

Bank deposits 65.28m NOK → 27.37m NOK (-58.1% YoY). Calculated

·
Payroll increased

Salary cost 17.90m NOK → 26.69m NOK (5% → 5% of revenue). Calculated
·
COGS moved

COGS / varekostnad 341.76m NOK → 517.78m NOK (+51.5% YoY). Calculated