ADV FINANCE AS: årsregnskap 2017 vs 2016
Grew 102% on revenue, stronger earnings
approved 2018-03-15; registry 2018-03-20; journal 2018 239327
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADV FINANCE AS. Revenue 4.60m NOK → 9.31m NOK (+102.4%). Net result +60.3k NOK → +105.7k NOK. Equity 231.9k NOK → 337.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADV FINANCE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.60m NOK to 9.31m NOK (+102.4% YoY). Calculated
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Operating result improved
Operating result +115.2k NOK → +498.3k NOK (op. margin 2.5% → 5.4%). Calculated
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Net result improved
Net result +60.3k NOK → +105.7k NOK (net margin 1.3% → 1.1%). Calculated
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Equity strengthened
Book equity 231.9k NOK → 337.6k NOK (equity ratio 89.0% → 14.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 474.3k NOK → 299.9k NOK (-36.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 8.17× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 2.59m NOK → 7.35m NOK (+183.4% YoY). Calculated