ADVIS AS: årsregnskap 2021 vs 2020
Grew 41% on revenue, weaker earnings
approved 2022-01-26; registry 2022-02-26; journal 2022 123972
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVIS AS. Revenue 5.50m NOK → 7.76m NOK (+41.2%). Net result +852.4k NOK → +158.3k NOK. Equity 68.8k NOK → 72.7k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVIS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.50m NOK to 7.76m NOK (+41.2% YoY). Calculated
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↑
Operating result improved
Operating result +1.09m NOK → +1.49m NOK (op. margin 19.9% → 19.1%). Calculated
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Equity strengthened
Book equity 68.8k NOK → 72.7k NOK (equity ratio 5757.7% → 4.2%). Calculated
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Cash rose
Bank deposits 201.9k NOK → 250.8k NOK (+24.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 1.04×. Calculated
What deteriorated
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↓
Net result weakened
Net result +852.4k NOK → +158.3k NOK (net margin 15.5% → 2.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 4.31m NOK → 5.55m NOK (+29.0% YoY). Calculated