ADVASAN MEDICAL GROUP AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2022-06-27; registry 2022-07-13; journal 2022 697552
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVASAN MEDICAL GROUP AS. Revenue 105.7k NOK → 105 NOK (-99.9%). Net result +24.5k NOK → -23.3k NOK. Equity 80.5k NOK → 57.2k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
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 105.7k NOK to 105 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +29.3k NOK → -23.6k NOK (op. margin 27.8% → -22517.1%). Calculated
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Fell into a net loss
Net result flipped from 24.5k NOK profit to a loss of 23.3k NOK. Calculated
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Equity eroded
Book equity 80.5k NOK → 57.2k NOK (equity ratio 50.8% → 68.0%). Calculated
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Cash fell
Bank deposits 95.1k NOK → 47.3k NOK (-50.2% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 49.3k NOK → 5 779 NOK (-88.3% YoY). Calculated