FirmaIQ
Org.nr 914 059 011 2017 → 2018 Year-over-year analysis

ADV FINANCE AS: årsregnskap 2018 vs 2017

Grew 15% on revenue, weaker earnings

approved 2019-06-05; registry 2019-06-20; journal 2019 490315

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADV FINANCE AS. Revenue 9.31m NOK → 10.70m NOK (+15.0%). Net result +105.7k NOK → +76.4k NOK. Equity 337.6k NOK → 414.0k NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADV FINANCE AS.

At a glance

Scorecard

Revenue
9.31m NOK 10.70m NOK
+15.0%
Operating result
+498.3k NOK +150.4k NOK
-69.8%
Net result
+105.7k NOK +76.4k NOK
-27.7%
Equity
337.6k NOK 414.0k NOK
+22.6%
Cash
299.9k NOK 468.3k NOK
+56.2%
Total assets
2.34m NOK 172.5k NOK
-92.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.31m NOK to 10.70m NOK (+15.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 337.6k NOK → 414.0k NOK (equity ratio 14.4% → 240.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 299.9k NOK → 468.3k NOK (+56.2% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.97× → 3.07×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +498.3k NOK → +150.4k NOK (op. margin 5.4% → 1.4%). Calculated

  • ↓

    Net result weakened

    Net result +105.7k NOK → +76.4k NOK (net margin 1.1% → 0.7%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 7.35m NOK → 9.16m NOK (+24.6% YoY). Calculated