FirmaIQ
Org.nr 992 058 501 2018 → 2019 Year-over-year analysis

ADVICIA AS: årsregnskap 2019 vs 2018

Grew 61% on revenue, stronger earnings, cash halved-plus

approved 2019-12-09; registry 2020-06-30; journal 2020 508561

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVICIA AS. Revenue 4.45m NOK → 7.17m NOK (+61.1%). Net result +215.1k NOK → +396.4k NOK. Equity 10.88m NOK → 10 NOK.

On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVICIA AS.

At a glance

Scorecard

Revenue
4.45m NOK 7.17m NOK
+61.1%
Operating result
n/m +488.6k NOK
—
Net result
+215.1k NOK +396.4k NOK
+84.3%
Equity
10.88m NOK 10 NOK
-100.0%
Cash
650.8k NOK 40.4k NOK
-93.8%
Total assets
1.61m NOK 2.44m NOK
+52.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.45m NOK to 7.17m NOK (+61.1% YoY). Calculated

  • ↑

    Net result improved

    Net result +215.1k NOK → +396.4k NOK (net margin 4.8% → 5.5%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.88m NOK → 10 NOK (equity ratio 677.8% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 650.8k NOK → 40.4k NOK (-93.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation