ADVICON AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-07-21; registry 2021-08-04; journal 2021 607298
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVICON AS. Revenue 38.2k NOK → 38.2k NOK (0.0%). Net result +13.6k NOK → +3.15m NOK. Equity 1.86m NOK → 2.01m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVICON AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -32.3k NOK → -24.1k NOK (op. margin -84.6% → -63.1%). Calculated
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Net result improved
Net result +13.6k NOK → +3.15m NOK (net margin 35.5% → 8245.9%). Calculated
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Equity strengthened
Book equity 1.86m NOK → 2.01m NOK (equity ratio 98.7% → 99.9%). Calculated
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Payroll decreased
Salary cost 10.1k NOK → 2 NOK (26% → 0% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.48m NOK → 230.7k NOK (-84.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.48m NOK → 230.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 6 181 NOK. Reported fact