ADVISTA AS: årsregnskap 2021 vs 2020
Grew 33% on revenue, stronger earnings
approved 2022-05-02; registry 2022-09-19; journal 2022 927772
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVISTA AS. Revenue 2.75m NOK → 3.66m NOK (+33.1%). Net result +10.70m NOK → +20.60m NOK. Equity 7.93m NOK → 2.32m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVISTA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.75m NOK to 3.66m NOK (+33.1% YoY). Calculated
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Net result improved
Net result +10.70m NOK → +20.60m NOK (net margin 388.9% → 562.7%). Calculated
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Cash rose
Bank deposits 1.93m NOK → 4.61m NOK (+139.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +5.04m NOK → +932.4k NOK (op. margin 183.4% → 25.5%). Calculated
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↓
Equity eroded
Book equity 7.93m NOK → 2.32m NOK (equity ratio 50.2% → 8.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.40m NOK → 2.08m NOK. Reported fact