ADVANTA AS: årsregnskap 2019 vs 2018
Shrank 23% on revenue
approved 2020-06-22; registry 2020-08-01; journal 2020 643843
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVANTA AS. Revenue 38.3k NOK → 29.4k NOK (-23.2%). Net result -38.3k NOK → -28.9k NOK. Equity -395.1k NOK → -424.0k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVANTA AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -38.3k NOK → -28.9k NOK (net margin -100.0% → -98.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 38.3k NOK to 29.4k NOK (-23.2% YoY). Calculated
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↓
Equity eroded
Book equity -395.1k NOK → -424.0k NOK (equity ratio -377.3% → -410.5%). Calculated
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↓
Cash fell
Bank deposits 4 021 NOK → 2 569 NOK (-36.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -410.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 5 100 NOK → 100.7k NOK. Reported fact