ADVANTA AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, cash halved-plus
approved 2021-06-11; registry 2021-06-14; journal 2021 422189
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANTA AS. Revenue 29.4k NOK → 0 NOK (-100.0%). Net result -28.9k NOK → -35.3k NOK. Equity -424.0k NOK → -459.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANTA AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 29.4k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -29.4k NOK → -36.0k NOK. Calculated
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↓
Net result weakened
Net result -28.9k NOK → -35.3k NOK. Calculated
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↓
Equity eroded
Book equity -424.0k NOK → -459.3k NOK (equity ratio -410.5% → -454.2%). Calculated
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↓
Cash fell
Bank deposits 2 569 NOK → 415 NOK (-83.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -454.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation