ADVICEPEOPLE HR SERVICES AS: årsregnskap 2021 vs 2020
Shrank 15% on revenue, weaker earnings
approved 2022-06-30; registry 2022-07-28; journal 2022 812926
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVICEPEOPLE HR SERVICES AS. Revenue 704.1k NOK → 597.9k NOK (-15.1%). Net result -323.7k NOK → -1.14m NOK. Equity 1.21m NOK → 68.6k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVICEPEOPLE HR SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 242.1k NOK → 299.5k NOK (+23.7% YoY). Calculated
-
↑
Payroll decreased
Salary cost 24.19bn NOK → 9 NOK (3435980% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 704.1k NOK to 597.9k NOK (-15.1% YoY). Calculated
-
↓
Operating result weakened
Operating result -375.6k NOK → -1.05m NOK (op. margin -53.3% → -175.3%). Calculated
-
↓
Net result weakened
Net result -323.7k NOK → -1.14m NOK (net margin -46.0% → -190.8%). Calculated
-
↓
Equity eroded
Book equity 1.21m NOK → 68.6k NOK (equity ratio 47.5% → 4.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 46.1k NOK → 1 200 NOK (-97.4% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 376.7k NOK → 350.0k NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact