ADVASAN MEDICAL GROUP AS: årsregnskap 2019 vs 2018
Shrank 93% on revenue, weaker earnings, cash halved-plus
approved 2020-03-20; registry 2020-08-31; journal 2020 718335
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVASAN MEDICAL GROUP AS. Revenue 349.9k NOK → 24.4k NOK (-93.0%). Net result +34.8k NOK → +690 NOK. Equity 55.3k NOK → 56.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVASAN MEDICAL GROUP AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 349.9k NOK to 24.4k NOK (-93.0% YoY). Calculated
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↓
Operating result weakened
Operating result +36.7k NOK → +3 032 NOK (op. margin 10.5% → 12.4%). Calculated
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↓
Net result weakened
Net result +34.8k NOK → +690 NOK (net margin 9.9% → 2.8%). Calculated
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↓
Cash fell
Bank deposits 164.3k NOK → 55.8k NOK (-66.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 206.8k NOK → -10.3k NOK (-105.0% YoY). Calculated