FirmaIQ
Org.nr 979 515 715 2019 → 2020 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2020 vs 2019

Grew 11% on revenue, cash halved-plus

approved 2021-05-11; registry 2021-06-12; journal 2021 289476

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVENT NORWAY AS. Revenue 17.28m NOK → 19.11m NOK (+10.6%). Net result +1.28m NOK → +1.08m NOK. Equity 3.78m NOK → 4.86m NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
17.28m NOK 19.11m NOK
+10.6%
Operating result
+1.62m NOK +1.28m NOK
-21.0%
Net result
+1.28m NOK +1.08m NOK
-15.2%
Equity
3.78m NOK 4.86m NOK
+28.7%
Cash
2.42m NOK 1.15m NOK
-52.3%
Total assets
7.25m NOK 14.75m NOK
+103.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 17.28m NOK to 19.11m NOK (+10.6% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 3.78m NOK → 4.86m NOK (equity ratio 52.1% → 33.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 12.57m NOK → 10.62m NOK (73% → 56% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.62m NOK → +1.28m NOK (op. margin 9.4% → 6.7%). Calculated

  • ↓

    Net result weakened

    Net result +1.28m NOK → +1.08m NOK (net margin 7.4% → 5.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.42m NOK → 1.15m NOK (-52.3% YoY). Calculated