ADVANTEK AS: årsregnskap 2021 vs 2020
Grew 23% on revenue, returned to profit
registry 2022-07-11; journal 2022 620462
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANTEK AS. Revenue 8.12m NOK → 10.02m NOK (+23.3%). Net result -146.1k NOK → +1 097 NOK. Equity 249.2k NOK → 250.3k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened.
Also worth watching: thin equity buffer; payroll increased; 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 8.12m NOK to 10.02m NOK (+23.3% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 146.1k NOK to a profit of 1 097 NOK. Calculated
-
↑
Equity strengthened
Book equity 249.2k NOK → 250.3k NOK (equity ratio 6.0% → 3.9%). Calculated
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↑
Cash rose
Bank deposits 1.15m NOK → 1.85m NOK (+60.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +775.4k NOK → +4 720 NOK (op. margin 9.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6.39m NOK → 8.75m NOK (79% → 87% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 995.7k NOK → 984.7k NOK. Reported fact