FirmaIQ
Org.nr 979 515 715 2020 → 2021 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2021 vs 2020

Stronger earnings

approved 2022-06-29; registry 2022-07-06; journal 2022 582966

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVENT NORWAY AS. Revenue 19.11m NOK → 18.80m NOK (-1.6%). Net result +1.08m NOK → +1.62m NOK. Equity 4.86m NOK → 6.48m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
19.11m NOK 18.80m NOK
-1.6%
Operating result
+1.28m NOK +1.49m NOK
+16.3%
Net result
+1.08m NOK +1.62m NOK
+49.6%
Equity
4.86m NOK 6.48m NOK
+33.3%
Cash
1.15m NOK 2.11m NOK
+82.6%
Total assets
14.75m NOK 13.92m NOK
-5.6%

What improved

  • ↑

    Operating result improved

    Operating result +1.28m NOK → +1.49m NOK (op. margin 6.7% → 7.9%). Calculated

  • ↑

    Net result improved

    Net result +1.08m NOK → +1.62m NOK (net margin 5.7% → 8.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.86m NOK → 6.48m NOK (equity ratio 33.0% → 46.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.15m NOK → 2.11m NOK (+82.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 19.11m NOK to 18.80m NOK (-1.6% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 10.62m NOK → 10.80m NOK (56% → 57% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 4 843 NOK → 4.53m NOK (+93455.1% YoY). Calculated