ADVISORS AS: årsregnskap 2021 vs 2020
Shrank 14% on revenue, weaker earnings
approved 2022-05-03; registry 2022-06-22; journal 2022 480343
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVISORS AS. Revenue 7.88m NOK → 6.77m NOK (-14.1%). Net result -573.0k NOK → -12.42m NOK. Equity 24.87m NOK → 15.39m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; 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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↑
Payroll decreased
Salary cost 6.22m NOK → 127.5k NOK (79% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.88m NOK to 6.77m NOK (-14.1% YoY). Calculated
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↓
Operating result weakened
Operating result -1.96m NOK → -17.19m NOK (op. margin -24.9% → -253.9%). Calculated
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↓
Net result weakened
Net result -573.0k NOK → -12.42m NOK (net margin -7.3% → -183.5%). Calculated
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↓
Equity eroded
Book equity 24.87m NOK → 15.39m NOK (equity ratio 54.5% → 36.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.74× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 757.8k NOK → 707.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.41m NOK → 1.48m NOK (-38.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 13.43m NOK → 23.86m NOK. Reported fact