ADVISORWEST AS: årsregnskap 2019 vs 2018
Grew 431% on revenue, stronger earnings
approved 2020-08-19; registry 2020-10-05; journal 2020 910167
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVISORWEST AS. Revenue 409.4k NOK → 2.18m NOK (+431.4%). Net result +13.6k NOK → +5.14m NOK. Equity 78.9k NOK → 5.11m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVISORWEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 409.4k NOK to 2.18m NOK (+431.4% YoY). Calculated
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Operating result improved
Operating result +18.4k NOK → +175.0k NOK (op. margin 4.5% → 8.0%). Calculated
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Net result improved
Net result +13.6k NOK → +5.14m NOK (net margin 3.3% → 236.2%). Calculated
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Equity strengthened
Book equity 78.9k NOK → 5.11m NOK (equity ratio 26.8% → 638.2%). Calculated
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Cash rose
Bank deposits 95.2k NOK → 176.1k NOK (+85.0% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 148.3k NOK → 307.9k NOK (+107.6% YoY). Calculated