ADVICE REKLAMEBYRÅ AS: årsregnskap 2021 vs 2020
Shrank 36% on revenue, returned to profit, cash halved-plus
approved 2022-06-30; registry 2022-07-11; journal 2022 677745
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVICE REKLAMEBYRÅ AS. Revenue 22.6k NOK → 14.4k NOK (-36.3%). Net result -7 501 NOK → +11.8k NOK. Equity -99.8k NOK → -88.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVICE REKLAMEBYRÅ AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -7 318 NOK → +11.8k NOK (op. margin -32.3% → 82.0%). Calculated
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Turned profitable
Net result flipped from a loss of 7 501 NOK to a profit of 11.8k NOK. Calculated
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Equity strengthened
Book equity -99.8k NOK → -88.0k NOK (equity ratio -383.7% → -493.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 22.6k NOK to 14.4k NOK (-36.3% YoY). Calculated
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Cash fell
Bank deposits 9 805 NOK → 3 421 NOK (-65.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.60× → -1.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -493.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation