ADDED VALUE IT AS: årsregnskap 2018 vs 2017
Shrank 13% on revenue, stronger earnings
approved 2019-05-23; registry 2019-06-17; journal 2019 450125
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADDED VALUE IT AS. Revenue 2.99m NOK → 2.61m NOK (-12.8%). Net result +444.9k NOK → +570.0k NOK. Equity 3.22m NOK → 3.39m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADDED VALUE IT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +555.9k NOK → +721.3k NOK (op. margin 18.6% → 27.6%). Calculated
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Net result improved
Net result +444.9k NOK → +570.0k NOK (net margin 14.9% → 21.8%). Calculated
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↑
Equity strengthened
Book equity 3.22m NOK → 3.39m NOK (equity ratio 66.7% → 66.5%). Calculated
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Payroll decreased
Salary cost 2.05m NOK → 1.67m NOK (69% → 64% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.99m NOK to 2.61m NOK (-12.8% YoY). Calculated
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↓
Cash fell
Bank deposits 3.83m NOK → 3.56m NOK (-6.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 70.0k NOK — check capital reduction, conversion, or reclassification. Interpretation