FirmaIQ
Org.nr 922 128 790 2019 → 2020 Year-over-year analysis

ADVEN NORWAY AS: årsregnskap 2020 vs 2019

Grew 917% on revenue, weaker earnings

approved 2021-03-31; registry 2021-04-29; journal 2021 240822

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVEN NORWAY AS. Revenue 523 NOK → 5 318 NOK (+916.8%). Net result -129.9k NOK → -2.18m NOK. Equity -99.9k NOK → -2.28m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
523 NOK 5 318 NOK
+916.8%
Operating result
-134.0k NOK +384.2k NOK
+386.7%
Net result
-129.9k NOK -2.18m NOK
-1577.6%
Equity
-99.9k NOK -2.28m NOK
-2181.5%
Cash
43.3k NOK 3.86m NOK
+8802.8%
Total assets
43.3k NOK 38.12m NOK
+87861.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 523 NOK to 5 318 NOK (+916.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -134.0k NOK → +384.2k NOK (op. margin -25624.7% → 7224.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 43.3k NOK → 3.86m NOK (+8802.8% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.30× → 10.09×. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result -129.9k NOK → -2.18m NOK (net margin -24832.7% → -40970.2%). Calculated

  • ↓

    Equity eroded

    Book equity -99.9k NOK → -2.28m NOK (equity ratio -230.5% → -6.0%). Calculated