Org.nr 981 102 495 2020 → 2021 Year-over-year analysis

ADVICE AS: årsregnskap 2021 vs 2020

Stronger earnings, cash halved-plus

approved 2022-06-29; registry 2022-07-02; journal 2022 591330

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVICE AS. Net result +1.14m NOK → +4.57m NOK. Equity 6.28m NOK → 6.84m NOK.

On the constructive side: net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVICE AS.

At a glance

Revenue

170.0k NOK n/m

—

Operating result

-60.1k NOK -79.8k NOK

-32.9%

Net result

+1.14m NOK +4.57m NOK

+299.8%

Equity

6.28m NOK 6.84m NOK

+9.0%

Cash

212.9k NOK 71.1k NOK

-66.6%

Total assets

7.11m NOK 7.91m NOK

+11.3%

↑
Net result improved

Net result +1.14m NOK → +4.57m NOK. Calculated
↑
Equity strengthened

Book equity 6.28m NOK → 6.84m NOK (equity ratio 88.3% → 86.5%). Calculated

↓
Operating result weakened

Operating result -60.1k NOK → -79.8k NOK. Calculated
↓
Cash fell

Bank deposits 212.9k NOK → 71.1k NOK (-66.6% YoY). Calculated

·
Book investments changed

Investment / intangible book value 2.39m NOK → 1.11m NOK. Reported fact