ADVISORS AS: årsregnskap 2001 vs 2000
Grew 24% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for ADVISORS AS. Revenue 1.94m NOK → 2.41m NOK (+24.4%). Net result +14.8k NOK → +8 058 NOK. Equity 76.4k NOK → 84.5k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVISORS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.94m NOK to 2.41m NOK (+24.4% YoY). Calculated
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↑
Operating result improved
Operating result -18.5k NOK → +9 902 NOK (op. margin -1.0% → 0.4%). Calculated
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↑
Equity strengthened
Book equity 76.4k NOK → 84.5k NOK (equity ratio 12.9% → 9.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +14.8k NOK → +8 058 NOK (net margin 0.8% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 62.6k NOK → 10.0k NOK (-84.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 0 NOK → 772.1k NOK (0% → 32% of revenue). Calculated
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COGS moved
COGS / varekostnad 181.7k NOK → 650.2k NOK (+257.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 25.0k NOK → 0 NOK. Reported fact