ADVANTAGE AS: årsregnskap 2021 vs 2020
Shrank 95% on revenue, slipped into loss
approved 2022-05-18; registry 2022-07-04; journal 2022 600439
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANTAGE AS. Revenue 329.5k NOK → 17.9k NOK (-94.6%). Net result +293.3k NOK → -79.3k NOK. Equity 172.0k NOK → 92.7k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVANTAGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 329.5k NOK to 17.9k NOK (-94.6% YoY). Calculated
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Operating result weakened
Operating result +293.3k NOK → -54.5k NOK (op. margin 89.0% → -305.3%). Calculated
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Fell into a net loss
Net result flipped from 293.3k NOK profit to a loss of 79.3k NOK. Calculated
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Equity eroded
Book equity 172.0k NOK → 92.7k NOK. Calculated
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Cash fell
Bank deposits 686.8k NOK → 576.7k NOK (-16.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 44.4k NOK → 3.65m NOK. Reported fact