ADVENGE CONSULTING AS: årsregnskap 2019 vs 2018
Grew 55% on revenue, stronger earnings, cash halved-plus
approved 2020-04-28; registry 2020-05-02; journal 2020 322363
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENGE CONSULTING AS. Revenue 556.1k NOK → 863.8k NOK (+55.3%). Net result +50.8k NOK → +74.6k NOK. Equity 204.2k NOK → 278.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVENGE CONSULTING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 556.1k NOK to 863.8k NOK (+55.3% YoY). Calculated
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Net result improved
Net result +50.8k NOK → +74.6k NOK (net margin 9.1% → 8.6%). Calculated
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Equity strengthened
Book equity 204.2k NOK → 278.7k NOK (equity ratio 381.1% → 18.8%). Calculated
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Owners injected capital
Paid-in equity rose 204.2k NOK → 278.7k NOK (+74.6k NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 843.6k NOK → 276.2k NOK (-67.3% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 315.2k NOK → 495.4k NOK (57% → 57% of revenue). Calculated