FirmaIQ
Org.nr 915 813 860 2019 → 2020 Year-over-year analysis

ADVENIT AS: årsregnskap 2020 vs 2019

Grew 62% on revenue, stronger earnings

approved 2021-01-22; registry 2021-10-09; journal 2021 787741

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVENIT AS. Revenue 10.03m NOK → 16.27m NOK (+62.3%). Net result +2.01m NOK → +4.02m NOK. Equity 1.48m NOK → 2.10m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVENIT AS.

At a glance

Scorecard

Revenue
10.03m NOK 16.27m NOK
+62.3%
Operating result
+2.44m NOK +4.91m NOK
+100.8%
Net result
+2.01m NOK +4.02m NOK
+99.5%
Equity
1.48m NOK 2.10m NOK
+41.9%
Cash
3.91m NOK 5.17m NOK
+32.2%
Total assets
7.22m NOK 10.39m NOK
+43.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.03m NOK to 16.27m NOK (+62.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.44m NOK → +4.91m NOK (op. margin 24.4% → 30.2%). Calculated

  • ↑

    Net result improved

    Net result +2.01m NOK → +4.02m NOK (net margin 20.1% → 24.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.48m NOK → 2.10m NOK (equity ratio 20.5% → 20.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.91m NOK → 5.17m NOK (+32.2% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 5.27m NOK → 5.59m NOK (53% → 34% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 1.15m NOK → 4.73m NOK (+313.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 5 126 NOK → 1.65m NOK. Reported fact