A/S Edvardsen Eiendom: årsregnskap 2017 vs 2016
Cash halved-plus
approved 2018-05-08; registry 2018-06-04; journal 2018 394249
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A/S Edvardsen Eiendom. Revenue 850.2k NOK → 887.0k NOK (+4.3%). Net result +303.6k NOK → +252.7k NOK. Equity 735.3k NOK → 988.0k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A/S Edvardsen Eiendom.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 850.2k NOK to 887.0k NOK (+4.3% YoY). Calculated
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↑
Equity strengthened
Book equity 735.3k NOK → 988.0k NOK (equity ratio 16.3% → 20.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +491.3k NOK → +419.4k NOK (op. margin 57.8% → 47.3%). Calculated
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↓
Net result weakened
Net result +303.6k NOK → +252.7k NOK (net margin 35.7% → 28.5%). Calculated
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↓
Cash fell
Bank deposits 2.37m NOK → 644.9k NOK (-72.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.37m NOK → 644.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 48.0k NOK → 2.12m NOK. Reported fact