ADVANTEK DIGITAL AS: årsregnskap 2019 vs 2018
A steady year on the published lines
approved 2020-03-20; registry 2020-05-09; journal 2020 342678
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVANTEK DIGITAL AS. Revenue 830.7k NOK → 839.4k NOK (+1.0%). Net result +73.3k NOK → +59.4k NOK. Equity 563.3k NOK → 622.8k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVANTEK DIGITAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 830.7k NOK to 839.4k NOK (+1.0% YoY). Calculated
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↑
Equity strengthened
Book equity 563.3k NOK → 622.8k NOK (equity ratio 26.3% → 16.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +91.2k NOK → +80.8k NOK (op. margin 11.0% → 9.6%). Calculated
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↓
Net result weakened
Net result +73.3k NOK → +59.4k NOK (net margin 8.8% → 7.1%). Calculated
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↓
Cash fell
Bank deposits 500.0k NOK → 438.4k NOK (-12.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 55 NOK → 6 492 NOK (0% → 1% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 717.4k NOK → 552.7k NOK (-23.0% YoY). Calculated