Org.nr 921 882 327 2020 → 2021 Year-over-year analysis

ADVANTEK DIGITAL AS: årsregnskap 2021 vs 2020

Returned to profit, fresh owner capital

registry 2022-06-11; journal 2022 389707

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVANTEK DIGITAL AS. Revenue 15.47m NOK → 15.12m NOK (-2.3%). Net result -718.3k NOK → +29.1k NOK. Equity 489.5k NOK → 518.6k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANTEK DIGITAL AS.

Scorecard

Revenue
15.47m NOK 15.12m NOK
-2.3%
Operating result
-892.4k NOK +681.4k NOK
+176.4%
Net result
-718.3k NOK +29.1k NOK
+104.0%
Equity
489.5k NOK 518.6k NOK
+5.9%
Cash
323.5k NOK 428.7k NOK
+32.5%
Total assets
7.51m NOK 6.07m NOK
-19.1%

What improved

  • ↑

    Operating result improved

    Operating result -892.4k NOK → +681.4k NOK (op. margin -5.8% → 4.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 718.3k NOK to a profit of 29.1k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 489.5k NOK → 518.6k NOK (equity ratio 6.5% → 8.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 323.5k NOK → 428.7k NOK (+32.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 85.0k NOK → 1.08m NOK (+1.00m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 15.47m NOK to 15.12m NOK (-2.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.79m NOK → 4.53m NOK (-5.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1 260 NOK → 5.68m NOK. Reported fact