ADVELA AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-05-28; registry 2021-07-29; journal 2021 597406
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVELA AS. Revenue 0 NOK → 7 812 NOK. Net result -115.5k NOK → -197.9k NOK. Equity -160.2k NOK → -358.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVELA AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 7 812 NOK. Calculated
-
↑
Cash rose
Bank deposits 253 NOK → 48.3k NOK (+18989.7% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -115.5k NOK → -197.7k NOK. Calculated
-
↓
Net result weakened
Net result -115.5k NOK → -197.9k NOK. Calculated
-
↓
Equity eroded
Book equity -160.2k NOK → -358.1k NOK (equity ratio -179.7% → -592.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.10× → -0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -592.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 40.0k NOK → 0 NOK. Reported fact