ADVAXA AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-08-30; registry 2020-09-10; journal 2020 790390
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVAXA AS. Revenue 1.11m NOK → 1.06m NOK (-4.9%). Net result +730.4k NOK → +531.6k NOK. Equity 3.95m NOK → 4.48m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVAXA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.95m NOK → 4.48m NOK (equity ratio 93.3% → 95.7%). Calculated
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↑
Payroll decreased
Salary cost 5.12m NOK → 282.5k NOK (461% → 27% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.11m NOK to 1.06m NOK (-4.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +950.3k NOK → +685.0k NOK (op. margin 85.5% → 64.8%). Calculated
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↓
Net result weakened
Net result +730.4k NOK → +531.6k NOK (net margin 65.7% → 50.3%). Calculated
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↓
Cash fell
Bank deposits 2.22m NOK → 1.60m NOK (-28.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 100 NOK → 1 143 NOK. Reported fact