ADVENIT AS: årsregnskap 2019 vs 2018
A steady year on the published lines
approved 2020-01-20; registry 2020-07-14; journal 2020 569293
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENIT AS. Revenue 9.89m NOK → 10.03m NOK (+1.4%). Net result +2.24m NOK → +2.01m NOK. Equity 1.27m NOK → 1.48m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVENIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.89m NOK to 10.03m NOK (+1.4% YoY). Calculated
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↑
Equity strengthened
Book equity 1.27m NOK → 1.48m NOK (equity ratio 24.0% → 20.5%). Calculated
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↑
Cash rose
Bank deposits 3.25m NOK → 3.91m NOK (+20.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +2.24m NOK → +2.01m NOK (net margin 22.6% → 20.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.58m NOK → 5.27m NOK (46% → 53% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.18m NOK → 1.15m NOK (-3.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 339 NOK → 5 126 NOK. Reported fact