ADVICEPEOPLE HR SERVICES AS: årsregnskap 2020 vs 2019
Shrank 64% on revenue, slipped into loss, cash halved-plus
approved 2020-12-31; registry 2021-08-12; journal 2021 624730
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVICEPEOPLE HR SERVICES AS. Revenue 1.96m NOK → 704.1k NOK (-64.1%). Net result +109.3k NOK → -323.7k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVICEPEOPLE HR SERVICES AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.96m NOK to 704.1k NOK (-64.1% YoY). Calculated
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Operating result weakened
Operating result +169.1k NOK → -375.6k NOK (op. margin 8.6% → -53.3%). Calculated
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Fell into a net loss
Net result flipped from 109.3k NOK profit to a loss of 323.7k NOK. Calculated
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Cash fell
Bank deposits 890.3k NOK → 242.1k NOK (-72.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 3 NOK → 24.19bn NOK (0% → 3435980% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 62.9k NOK → 46.1k NOK (-26.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 178 NOK → 376.7k NOK. Reported fact