ADVISETECH AS: årsregnskap 2020 vs 2019
Grew 114% on revenue
approved 2021-03-12; registry 2021-03-25; journal 2021 168540
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVISETECH AS. Revenue 3.52m NOK → 7.53m NOK (+114.2%). Equity 12.91m NOK → 234.2k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVISETECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.52m NOK to 7.53m NOK (+114.2% YoY). Calculated
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↑
Operating result improved
Operating result +1.13m NOK → +1.70m NOK (op. margin 32.3% → 22.6%). Calculated
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↑
Cash rose
Bank deposits 2.10m NOK → 3.65m NOK (+73.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.91m NOK → 234.2k NOK (equity ratio 529.8% → 5.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.92m NOK → 5.61m NOK (54% → 74% of revenue). Calculated