ADVANTEK DIGITAL AS: årsregnskap 2020 vs 2019
Grew 1743% on revenue, slipped into loss
registry 2021-07-10; journal 2021 461585
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANTEK DIGITAL AS. Revenue 839.4k NOK → 15.47m NOK (+1742.8%). Net result +59.4k NOK → -718.3k NOK. Equity 622.8k NOK → 489.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. 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 839.4k NOK to 15.47m NOK (+1742.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +80.8k NOK → -892.4k NOK (op. margin 9.6% → -5.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 59.4k NOK profit to a loss of 718.3k NOK. Calculated
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↓
Equity eroded
Book equity 622.8k NOK → 489.5k NOK (equity ratio 16.7% → 6.5%). Calculated
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↓
Cash fell
Bank deposits 438.4k NOK → 323.5k NOK (-26.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 500.0k NOK → 85.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 6 492 NOK → 8.56m NOK (1% → 55% of revenue). Calculated
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COGS moved
COGS / varekostnad 552.7k NOK → 4.79m NOK (+766.3% YoY). Calculated