ADVISOR AS: årsregnskap 2021 vs 2020
Grew 108666% on revenue, weaker earnings
approved 2022-05-03; registry 2022-06-22; journal 2022 480333
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVISOR AS. Revenue 19.6k NOK → 21.35m NOK (+108665.8%). Net result -2 552 NOK → -2.99m NOK. Equity -2.53m NOK → -5.52m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVISOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 19.6k NOK to 21.35m NOK (+108665.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -3 275 NOK → -3.83m NOK (op. margin -16.7% → -17.9%). Calculated
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↓
Net result weakened
Net result -2 552 NOK → -2.99m NOK (net margin -13.0% → -14.0%). Calculated
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↓
Equity eroded
Book equity -2.53m NOK → -5.52m NOK (equity ratio -46.6% → -65.6%). Calculated
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↓
Cash fell
Bank deposits 622.3k NOK → 438.7k NOK (-29.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -65.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 12.9k NOK → 12.84m NOK (66% → 60% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 455 NOK → 3.21m NOK (+220790.2% YoY). Calculated