ADVICE MANAGEMENT CONSULTING AS: årsregnskap 2020 vs 2019
Grew 18309% on revenue, returned to profit
approved 2021-03-30; registry 2021-04-06; journal 2021 183246
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVICE MANAGEMENT CONSULTING AS. Revenue 1 650 NOK → 303.8k NOK (+18309.3%). Net result -570.9k NOK → +906.6k NOK. Equity 6.70m NOK → 10 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVICE MANAGEMENT CONSULTING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 650 NOK to 303.8k NOK (+18309.3% YoY). Calculated
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↑
Operating result improved
Operating result -65.4k NOK → +232.0k NOK (op. margin -3961.5% → 76.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 570.9k NOK to a profit of 906.6k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.70m NOK → 10 NOK (equity ratio 962.4% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 171.6k NOK → 167.6k NOK (-2.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 127.7k NOK → 16.2k NOK (-87.3% YoY). Calculated