ADVICE AS: årsregnskap 2020 vs 2019
Grew 99900% on revenue, stronger earnings, cash halved-plus
approved 2021-09-05; registry 2021-09-09; journal 2021 743531
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVICE AS. Revenue 170 NOK → 170.0k NOK (+99900.0%). Net result +635.6k NOK → +1.14m NOK. Equity 5.14m NOK → 6.28m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; 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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↑
Revenue rose
Operating income / revenue moved from 170 NOK to 170.0k NOK (+99900.0% YoY). Calculated
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↑
Net result improved
Net result +635.6k NOK → +1.14m NOK (net margin 373868.8% → 671.9%). Calculated
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↑
Equity strengthened
Book equity 5.14m NOK → 6.28m NOK (equity ratio 88.9% → 88.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +14.7k NOK → -60.1k NOK (op. margin 8631.2% → -35.3%). Calculated
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↓
Cash fell
Bank deposits 2.73m NOK → 212.9k NOK (-92.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.73m NOK → 212.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.52m NOK → 2.39m NOK. Reported fact