FirmaIQ
Org.nr 922 670 269 2019 → 2020 Year-over-year analysis

ADVANO HOLDING AS: årsregnskap 2020 vs 2019

Returned to profit

approved 2021-03-02; registry 2021-03-22; journal 2021 161314

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVANO HOLDING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -8 341 NOK → +130.8k NOK. Equity 31.8k NOK → 62.7k NOK.

On the constructive side: turned profitable; equity strengthened; cash rose.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVANO HOLDING AS.

At a glance

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Operating result
n/m -1 211 NOK
—
Net result
-8 341 NOK +130.8k NOK
+1668.4%
Equity
31.8k NOK 62.7k NOK
+96.8%
Cash
1 843 NOK 40.6k NOK
+2104.7%
Total assets
31.8k NOK 110.6k NOK
+247.4%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 8 341 NOK to a profit of 130.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 31.8k NOK → 62.7k NOK (equity ratio 100.0% → 56.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 1 843 NOK → 40.6k NOK (+2104.7% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 31.8k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation