Org.nr 975 256 677 2019 → 2020 Year-over-year analysis

ADVISUM AS: årsregnskap 2020 vs 2019

Grew 34% on revenue, returned to profit

approved 2021-06-28; registry 2021-08-18; journal 2021 623824

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVISUM AS. Revenue 2.23m NOK → 2.99m NOK (+34.1%). Net result -3.26m NOK → +746.8k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVISUM AS.

At a glance

Revenue

2.23m NOK 2.99m NOK

+34.1%

Operating result

+1.17m NOK +1.62m NOK

+38.1%

Net result

-3.26m NOK +746.8k NOK

+122.9%

Equity

n/m 3.01m NOK

—

Cash

84.1k NOK 5.26m NOK

+6150.3%

Total assets

12.18m NOK 9.01m NOK

-26.0%

↑
Revenue rose

Operating income / revenue moved from 2.23m NOK to 2.99m NOK (+34.1% YoY). Calculated
↑
Operating result improved

Operating result +1.17m NOK → +1.62m NOK (op. margin 52.6% → 54.2%). Calculated
↑
Turned profitable

Net result flipped from a loss of 3.26m NOK to a profit of 746.8k NOK. Calculated
↑
Cash rose

Bank deposits 84.1k NOK → 5.26m NOK (+6150.3% YoY). Calculated
↑
Payroll decreased

Salary cost 672.6k NOK → 647.7k NOK (30% → 22% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 795.2k NOK → 3.02m NOK. Reported fact