AVECTOR AS: årsregnskap 2019 vs 2018
Shrank 48% on revenue, returned to profit
approved 2020-08-31; registry 2020-09-10; journal 2020 792018
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AVECTOR AS. Revenue 96.5k NOK → 49.9k NOK (-48.3%). Net result -83.2k NOK → +2.41m NOK. Equity 8.84m NOK → 10.50m NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AVECTOR AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 83.2k NOK to a profit of 2.41m NOK. Calculated
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↑
Equity strengthened
Book equity 8.84m NOK → 10.50m NOK (equity ratio 64.2% → 79.1%). Calculated
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↑
Cash rose
Bank deposits 51.7k NOK → 2.90m NOK (+5510.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 96.5k NOK to 49.9k NOK (-48.3% YoY). Calculated
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↓
Operating result weakened
Operating result +10.2k NOK → -42.4k NOK (op. margin 10.6% → -85.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 3.43m NOK → 3 427 NOK. Reported fact