ADVISORWEST AS: årsregnskap 2021 vs 2020
Grew 84% on revenue, stronger earnings
approved 2022-06-30; registry 2022-07-12; journal 2022 690256
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVISORWEST AS. Revenue 2.58m NOK → 4.75m NOK (+84.0%). Net result +44.4k NOK → +3.57m NOK. Equity 252.1k NOK → 743.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; book investments changed. 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 2.58m NOK to 4.75m NOK (+84.0% YoY). Calculated
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Operating result improved
Operating result +66.4k NOK → +751.8k NOK (op. margin 2.6% → 15.8%). Calculated
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Net result improved
Net result +44.4k NOK → +3.57m NOK (net margin 1.7% → 75.2%). Calculated
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Equity strengthened
Book equity 252.1k NOK → 743.9k NOK (equity ratio 39.6% → 79.8%). Calculated
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Cash rose
Bank deposits 97.5k NOK → 837.0k NOK (+758.2% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.08m NOK → 1.87m NOK (42% → 39% of revenue). Calculated
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COGS moved
COGS / varekostnad 560.2k NOK → 967.8k NOK (+72.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 20.0k NOK → 253.8k NOK. Reported fact