ADVENGE CONSULTING AS: årsregnskap 2021 vs 2020
Grew 626% on revenue, returned to profit, fresh owner capital
approved 2022-05-20; registry 2022-05-23; journal 2022 327883
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVENGE CONSULTING AS. Revenue 20.0k NOK → 145.3k NOK (+626.3%). Net result -70.2k NOK → +69.4k NOK. Equity 209.0k NOK → 278.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: book investments changed. 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 20.0k NOK to 145.3k NOK (+626.3% YoY). Calculated
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Operating result improved
Operating result -70.4k NOK → +69.0k NOK (op. margin -351.8% → 47.5%). Calculated
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Turned profitable
Net result flipped from a loss of 70.2k NOK to a profit of 69.4k NOK. Calculated
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Equity strengthened
Book equity 209.0k NOK → 278.4k NOK (equity ratio 41.1% → 50.0%). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 3.74×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 298.9k NOK → 291.1k NOK (-2.6% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 210.0k NOK → 265.1k NOK. Reported fact