Org.nr 916 639 236 2020 → 2021 Year-over-year analysis

ADVAXA AS: årsregnskap 2021 vs 2020

Slipped into loss

approved 2022-06-15; registry 2022-06-25; journal 2022 517803

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVAXA AS. Net result +9.31m NOK → -55.5k NOK. Equity 13.79m NOK → 13.74m NOK.

On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVAXA AS.

At a glance

Revenue

1 056 NOK n/m

—

Operating result

-97.8k NOK -35.9k NOK

+63.3%

Net result

+9.31m NOK -55.5k NOK

-100.6%

Equity

13.79m NOK 13.74m NOK

-0.4%

Cash

13.34m NOK 10.56m NOK

-20.8%

Total assets

13.80m NOK 13.74m NOK

-0.5%

↑
Operating result improved

Operating result -97.8k NOK → -35.9k NOK. Calculated

↓
Fell into a net loss

Net result flipped from 9.31m NOK profit to a loss of 55.5k NOK. Calculated
↓
Equity eroded

Book equity 13.79m NOK → 13.74m NOK (equity ratio 99.9% → 100.0%). Calculated
↓
Cash fell

Bank deposits 13.34m NOK → 10.56m NOK (-20.8% YoY). Calculated

·
Book investments changed

Investment / intangible book value 430.5k NOK → 3.10m NOK. Reported fact