ADVISORWEST AS: årsregnskap 2020 vs 2019
Grew 19% on revenue, weaker earnings
approved 2021-08-19; registry 2021-09-29; journal 2021 827506
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVISORWEST AS. Revenue 2.18m NOK → 2.58m NOK (+18.6%). Net result +5.14m NOK → +44.4k NOK. Equity 5.11m NOK → 252.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; 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 2.18m NOK to 2.58m NOK (+18.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +175.0k NOK → +66.4k NOK (op. margin 8.0% → 2.6%). Calculated
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↓
Net result weakened
Net result +5.14m NOK → +44.4k NOK (net margin 236.2% → 1.7%). Calculated
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↓
Equity eroded
Book equity 5.11m NOK → 252.1k NOK (equity ratio 638.2% → 39.6%). Calculated
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↓
Cash fell
Bank deposits 176.1k NOK → 97.5k NOK (-44.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 235.7k NOK → 1.08m NOK (11% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 307.9k NOK → 560.2k NOK (+81.9% YoY). Calculated