ADVISOR REVISJON & REGNSKAP AS: årsregnskap 2019 vs 2018
Shrank 15% on revenue
approved 2020-06-19; registry 2020-06-29; journal 2020 498551
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVISOR REVISJON & REGNSKAP AS. Revenue 4.25m NOK → 3.63m NOK (-14.5%). Equity 6.85m NOK → 11 NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVISOR REVISJON & REGNSKAP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -575.7k NOK → +889.5k NOK (op. margin -13.6% → 24.5%). Calculated
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↑
Cash rose
Bank deposits 349.9k NOK → 716.1k NOK (+104.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.45m NOK → 1.99m NOK (81% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.25m NOK to 3.63m NOK (-14.5% YoY). Calculated
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↓
Equity eroded
Book equity 6.85m NOK → 11 NOK (equity ratio 417.7% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 31.5k NOK → 8 NOK. Reported fact