FirmaIQ
Org.nr 988 440 655 2019 → 2020 Year-over-year analysis

AVECTOR AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue, slipped into loss

approved 2021-08-13; registry 2021-08-23; journal 2021 670926

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AVECTOR AS. Revenue 49.9k NOK → 44.0k NOK (-11.9%). Net result +2.41m NOK → -61.1k NOK. Equity 10.50m NOK → 10.44m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.

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

At a glance

Scorecard

Revenue
49.9k NOK 44.0k NOK
-11.9%
Operating result
-42.4k NOK -33.7k NOK
+20.6%
Net result
+2.41m NOK -61.1k NOK
-102.5%
Equity
10.50m NOK 10.44m NOK
-0.6%
Cash
2.90m NOK 2.54m NOK
-12.4%
Total assets
13.27m NOK 13.02m NOK
-1.9%

What improved

  • ↑

    Operating result improved

    Operating result -42.4k NOK → -33.7k NOK (op. margin -85.0% → -76.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 49.9k NOK to 44.0k NOK (-11.9% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.41m NOK profit to a loss of 61.1k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 10.50m NOK → 10.44m NOK (equity ratio 79.1% → 80.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.90m NOK → 2.54m NOK (-12.4% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3 427 NOK → 520 NOK. Reported fact