ADVICE AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings
approved 2020-08-31; registry 2020-09-09; journal 2020 783606
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVICE AS. Revenue 130.0k NOK → 170 NOK (-99.9%). Net result +259.6k NOK → +635.6k NOK. Equity 4.50m NOK → 5.14m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVICE AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +259.6k NOK → +635.6k NOK (net margin 199.7% → 373868.8%). Calculated
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↑
Equity strengthened
Book equity 4.50m NOK → 5.14m NOK (equity ratio 96.4% → 88.9%). Calculated
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↑
Cash rose
Bank deposits 587.6k NOK → 2.73m NOK (+364.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 130.0k NOK to 170 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +18.7k NOK → +14.7k NOK (op. margin 14.4% → 8631.2%). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 2.56m NOK → 2.52m NOK. Reported fact