ADDED VALUE IT AS: årsregnskap 2017 vs 2016
Grew 35% on revenue, stronger earnings
approved 2018-06-28; registry 2018-08-04; journal 2018 858665
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADDED VALUE IT AS. Revenue 2.22m NOK → 2.99m NOK (+34.9%). Net result +188.0k NOK → +444.9k NOK. Equity 2.78m NOK → 3.22m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADDED VALUE IT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.22m NOK to 2.99m NOK (+34.9% YoY). Calculated
-
↑
Operating result improved
Operating result +236.5k NOK → +555.9k NOK (op. margin 10.7% → 18.6%). Calculated
-
↑
Net result improved
Net result +188.0k NOK → +444.9k NOK (net margin 8.5% → 14.9%). Calculated
-
↑
Equity strengthened
Book equity 2.78m NOK → 3.22m NOK (equity ratio 74.4% → 66.7%). Calculated
-
↑
Cash rose
Bank deposits 1.93m NOK → 3.83m NOK (+97.9% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.62m NOK → 2.05m NOK (73% → 69% of revenue). Calculated