ADVANTEK AS: årsregnskap 2020 vs 2019
Grew 7% on revenue, slipped into loss
registry 2021-07-08; journal 2021 463479
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANTEK AS. Revenue 7.58m NOK → 8.12m NOK (+7.2%). Net result +23.3k NOK → -146.1k NOK. Equity 395.2k NOK → 249.2k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. 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 7.58m NOK to 8.12m NOK (+7.2% YoY). Calculated
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Operating result improved
Operating result +53.3k NOK → +775.4k NOK (op. margin 0.7% → 9.5%). Calculated
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Payroll decreased
Salary cost 6.61m NOK → 6.39m NOK (87% → 79% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 23.3k NOK profit to a loss of 146.1k NOK. Calculated
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Equity eroded
Book equity 395.2k NOK → 249.2k NOK (equity ratio 14.7% → 6.0%). Calculated
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Cash fell
Bank deposits 1.37m NOK → 1.15m NOK (-15.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.06× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 262.0k NOK → 995.7k NOK. Reported fact