ADVENTIS AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, weaker earnings, cash halved-plus
approved 2021-09-14; registry 2021-09-20; journal 2021 769645
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTIS AS. Revenue 1.16m NOK → 1.06m NOK (-8.6%). Net result -62.2k NOK → -418.3k NOK. Equity 10 NOK → -366.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVENTIS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.16m NOK to 1.06m NOK (-8.6% YoY). Calculated
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Operating result weakened
Operating result -56.9k NOK → -411.2k NOK (op. margin -4.9% → -38.7%). Calculated
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Net result weakened
Net result -62.2k NOK → -418.3k NOK (net margin -5.3% → -39.3%). Calculated
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Equity eroded
Book equity 10 NOK → -366.1k NOK (equity ratio 0.0% → -136.2%). Calculated
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Cash fell
Bank deposits 171.4k NOK → 29.8k NOK (-82.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -136.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 960.0k NOK → 320.0k NOK (-66.7% YoY). Calculated