ADVICIA AS: årsregnskap 2020 vs 2019
Shrank 80% on revenue, weaker earnings
approved 2021-08-17; registry 2021-09-04; journal 2021 667642
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVICIA AS. Revenue 7.17m NOK → 1.40m NOK (-80.4%). Net result +396.4k NOK → +157.8k NOK. Equity 10 NOK → 10.1k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVICIA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 10 NOK → 10.1k NOK (equity ratio 0.0% → 0.6%). Calculated
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↑
Cash rose
Bank deposits 40.4k NOK → 992.0k NOK (+2356.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.17m NOK to 1.40m NOK (-80.4% YoY). Calculated
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↓
Operating result weakened
Operating result +488.6k NOK → +201.0k NOK (op. margin 6.8% → 14.3%). Calculated
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↓
Net result weakened
Net result +396.4k NOK → +157.8k NOK (net margin 5.5% → 11.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.40m NOK → 213.2k NOK (-84.8% YoY). Calculated