ADVICON AS: årsregnskap 2019 vs 2018
Shrank 96% on revenue
approved 2020-06-10; registry 2020-09-19; journal 2020 840268
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVICON AS. Revenue 914.3k NOK → 38.2k NOK (-95.8%). Equity 1.84m NOK → 1.86m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
914.3k NOK
38.2k NOK
-95.8%
Operating result
n/m
-32.3k NOK
—
Net result
n/m
+13.6k NOK
—
Equity
1.84m NOK
1.86m NOK
+0.7%
Cash
1.67m NOK
1.48m NOK
-11.5%
Total assets
2.06m NOK
1.88m NOK
-8.8%
What improved
-
↑
Equity strengthened
Book equity 1.84m NOK → 1.86m NOK (equity ratio 89.3% → 98.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 914.3k NOK to 38.2k NOK (-95.8% YoY). Calculated
-
↓
Cash fell
Bank deposits 1.67m NOK → 1.48m NOK (-11.5% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 NOK → 10.1k NOK (0% → 26% of revenue). Calculated