ADVANTEK AS: årsregnskap 2019 vs 2018
Grew 1062% on revenue, weaker earnings
approved 2020-06-22; registry 2020-07-04; journal 2020 524781
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVANTEK AS. Revenue 652.1k NOK → 7.58m NOK (+1062.3%). Net result +321.9k NOK → +23.3k NOK. Equity 371.9k NOK → 395.2k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVANTEK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 652.1k NOK to 7.58m NOK (+1062.3% YoY). Calculated
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↑
Equity strengthened
Book equity 371.9k NOK → 395.2k NOK (equity ratio 19.2% → 14.7%). Calculated
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↑
Cash rose
Bank deposits 79.7k NOK → 1.37m NOK (+1616.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +79.3k NOK → +53.3k NOK (op. margin 12.2% → 0.7%). Calculated
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↓
Net result weakened
Net result +321.9k NOK → +23.3k NOK (net margin 49.4% → 0.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 7 956 NOK → 6.61m NOK (1% → 87% of revenue). Calculated