ADVISUM AS: årsregnskap 2021 vs 2020
Grew 18% on revenue, cash halved-plus
approved 2022-06-28; registry 2022-07-06; journal 2022 579984
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVISUM AS. Revenue 2.99m NOK → 3.54m NOK (+18.4%). Net result +746.8k NOK → +615.3k NOK. Equity 3.01m NOK → 4.55m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVISUM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.99m NOK to 3.54m NOK (+18.4% YoY). Calculated
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↑
Operating result improved
Operating result +1.62m NOK → +2.06m NOK (op. margin 54.2% → 58.2%). Calculated
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↑
Equity strengthened
Book equity 3.01m NOK → 4.55m NOK (equity ratio 33.4% → 43.8%). Calculated
What deteriorated
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↓
Net result weakened
Net result +746.8k NOK → +615.3k NOK (net margin 25.0% → 17.4%). Calculated
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↓
Cash fell
Bank deposits 5.26m NOK → 247.6k NOK (-95.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.26m NOK → 247.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 647.7k NOK → 933.2k NOK (22% → 26% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 3.02m NOK → 3.99m NOK. Reported fact