ADDOVATION AS: årsregnskap 2017 vs 2016
Stronger earnings, fresh owner capital
approved 2018-06-28; registry 2018-07-09; journal 2018 646708
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADDOVATION AS. Revenue 39.06m NOK → 40.58m NOK (+3.9%). Net result +1.73m NOK → +2.59m NOK. Equity 5.99m NOK → 7.07m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDOVATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 39.06m NOK to 40.58m NOK (+3.9% YoY). Calculated
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↑
Net result improved
Net result +1.73m NOK → +2.59m NOK (net margin 4.4% → 6.4%). Calculated
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↑
Equity strengthened
Book equity 5.99m NOK → 7.07m NOK (equity ratio 33.4% → 40.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 376 NOK → 376.0k NOK (+375.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +449.9k NOK → +363.2k NOK (op. margin 1.2% → 0.9%). Calculated
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↓
Cash fell
Bank deposits 3.29m NOK → 1.77m NOK (-46.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 15.95m NOK → 20.66m NOK (41% → 51% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 17.09m NOK → 14.12m NOK (-17.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 100.0k NOK → 188 NOK. Reported fact