ADVANO CONSULTING AS: årsregnskap 2020 vs 2019
Shrank 55% on revenue, stronger earnings
approved 2021-03-02; registry 2021-03-22; journal 2021 161332
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANO CONSULTING AS. Revenue 990.0k NOK → 445.9k NOK (-55.0%). Net result +164.9k NOK → +280.9k NOK. Equity 158.7k NOK → 153.8k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +164.9k NOK → +360.4k NOK (op. margin 16.7% → 80.8%). Calculated
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Net result improved
Net result +164.9k NOK → +280.9k NOK (net margin 16.7% → 63.0%). Calculated
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Cash rose
Bank deposits 157.5k NOK → 333.6k NOK (+111.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 990.0k NOK to 445.9k NOK (-55.0% YoY). Calculated
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Equity eroded
Book equity 158.7k NOK → 153.8k NOK (equity ratio 52.9% → 26.9%). Calculated
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Payroll up without matching revenue
Salary cost 545.5k NOK → 855.9k NOK (55% → 192% of revenue). Calculated