ADVAXA AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings
approved 2021-08-20; registry 2021-08-30; journal 2021 690366
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVAXA AS. Revenue 1.06m NOK → 1 056 NOK (-99.9%). Net result +531.6k NOK → +9.31m NOK. Equity 4.48m NOK → 13.79m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating 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
-
↑
Net result improved
Net result +531.6k NOK → +9.31m NOK (net margin 50.3% → 881351.2%). Calculated
-
↑
Equity strengthened
Book equity 4.48m NOK → 13.79m NOK (equity ratio 95.7% → 99.9%). Calculated
-
↑
Cash rose
Bank deposits 1.60m NOK → 13.34m NOK (+734.4% YoY). Calculated
-
↑
Payroll decreased
Salary cost 282.5k NOK → 4 392 NOK (27% → 416% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.06m NOK to 1 056 NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +685.0k NOK → -97.8k NOK (op. margin 64.8% → -9263.8%). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 1 143 NOK → 430.5k NOK. Reported fact