FirmaIQ
Org.nr 915 813 860 2020 → 2021 Year-over-year analysis

ADVENIT AS: årsregnskap 2021 vs 2020

Shrank 16% on revenue, weaker earnings

approved 2022-02-02; registry 2022-05-25; journal 2022 269348

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVENIT AS. Revenue 16.27m NOK → 13.61m NOK (-16.4%). Net result +4.02m NOK → +2.85m NOK. Equity 2.10m NOK → 2.95m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
16.27m NOK 13.61m NOK
-16.4%
Operating result
+4.91m NOK +3.10m NOK
-36.9%
Net result
+4.02m NOK +2.85m NOK
-29.2%
Equity
2.10m NOK 2.95m NOK
+40.4%
Cash
5.17m NOK 3.44m NOK
-33.5%
Total assets
10.39m NOK 9.59m NOK
-7.7%

What improved

  • ↑

    Equity strengthened

    Book equity 2.10m NOK → 2.95m NOK (equity ratio 20.2% → 30.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 16.27m NOK to 13.61m NOK (-16.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.91m NOK → +3.10m NOK (op. margin 30.2% → 22.8%). Calculated

  • ↓

    Net result weakened

    Net result +4.02m NOK → +2.85m NOK (net margin 24.7% → 20.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.17m NOK → 3.44m NOK (-33.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.05× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.73m NOK → 3.44m NOK (-27.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.65m NOK → 3.11m NOK. Reported fact