ADVISORS AS: årsregnskap 2020 vs 2019
Shrank 61% on revenue, weaker earnings, cash halved-plus
approved 2021-06-24; registry 2021-07-28; journal 2021 548578
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVISORS AS. Revenue 20.03m NOK → 7.88m NOK (-60.7%). Net result -458.1k NOK → -573.0k NOK. Equity 15.09m NOK → 24.87m NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVISORS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.44m NOK → -1.96m NOK (op. margin -12.2% → -24.9%). Calculated
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Equity strengthened
Book equity 15.09m NOK → 24.87m NOK (equity ratio 36.6% → 54.5%). Calculated
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Current ratio back above 1×
Current ratio 0.86× → 2.74×. Calculated
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Owners injected capital
Paid-in equity rose 244.2k NOK → 757.8k NOK (+513.6k NOK). Reported fact
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Payroll decreased
Salary cost 10.88m NOK → 6.22m NOK (54% → 79% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 20.03m NOK to 7.88m NOK (-60.7% YoY). Calculated
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Net result weakened
Net result -458.1k NOK → -573.0k NOK (net margin -2.3% → -7.3%). Calculated
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Cash fell
Bank deposits 1.62m NOK → 71.3k NOK (-95.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.62m NOK → 71.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 3.13m NOK → 2.41m NOK (-22.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 13.96m NOK → 13.43m NOK. Reported fact