ADVENGE CONSULTING AS: årsregnskap 2020 vs 2019
Shrank 98% on revenue, slipped into loss
approved 2021-03-27; registry 2021-03-30; journal 2021 180332
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENGE CONSULTING AS. Revenue 863.8k NOK → 20.0k NOK (-97.7%). Net result +74.6k NOK → -70.2k NOK. Equity 278.7k NOK → 209.0k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVENGE CONSULTING AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 276.2k NOK → 298.9k NOK (+8.2% YoY). Calculated
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Payroll decreased
Salary cost 495.4k NOK → 495 NOK (57% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 863.8k NOK to 20.0k NOK (-97.7% YoY). Calculated
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Fell into a net loss
Net result flipped from 74.6k NOK profit to a loss of 70.2k NOK. Calculated
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↓
Equity eroded
Book equity 278.7k NOK → 209.0k NOK (equity ratio 18.8% → 41.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.63× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 278.7k NOK → 209.0k NOK — check capital reduction, conversion, or reclassification. Interpretation