ADVANTAGE AS: årsregnskap 2019 vs 2018
Shrank 9% on revenue, returned to profit, cash halved-plus
approved 2020-05-14; registry 2020-10-20; journal 2020 956091
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVANTAGE AS. Revenue 31.5k NOK → 28.8k NOK (-8.6%). Net result -125.6k NOK → +76.3k NOK. Equity -45.0k NOK → -121.3k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANTAGE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -125.6k NOK → -76.3k NOK (op. margin -398.4% → -264.9%). Calculated
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Turned profitable
Net result flipped from a loss of 125.6k NOK to a profit of 76.3k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 31.5k NOK to 28.8k NOK (-8.6% YoY). Calculated
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Equity eroded
Book equity -45.0k NOK → -121.3k NOK (equity ratio -12.5% → -35.5%). Calculated
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Cash fell
Bank deposits 18.6k NOK → 753 NOK (-96.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -35.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation