Org.nr 911 836 246 2019 → 2020 Year-over-year analysis

ADVISENSE AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-04-13; registry 2021-06-23; journal 2021 337837

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVISENSE AS. Revenue 60.54m NOK → 62.25m NOK (+2.8%). Net result +6.46m NOK → +8.92m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVISENSE AS.

At a glance

Revenue

60.54m NOK 62.25m NOK

+2.8%

Operating result

+8.22m NOK +11.37m NOK

+38.3%

Net result

+6.46m NOK +8.92m NOK

+38.0%

Cash

10.15m NOK 14.73m NOK

+45.1%

Total assets

21.22m NOK 25.61m NOK

+20.7%

↑
Revenue rose

Operating income / revenue moved from 60.54m NOK to 62.25m NOK (+2.8% YoY). Calculated
↑
Operating result improved

Operating result +8.22m NOK → +11.37m NOK (op. margin 13.6% → 18.3%). Calculated
↑
Net result improved

Net result +6.46m NOK → +8.92m NOK (net margin 10.7% → 14.3%). Calculated
↑
Cash rose

Bank deposits 10.15m NOK → 14.73m NOK (+45.1% YoY). Calculated
↑
Payroll decreased

Salary cost 36.76m NOK → 36.57m NOK (61% → 59% of revenue). Calculated

·
COGS fell

COGS / varekostnad 5.05m NOK → 4.40m NOK (-12.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 2.68m NOK → 2 684 NOK. Reported fact