ADV HOLDING AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-03-13; registry 2018-04-21; journal 2018 274620
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADV HOLDING AS. Revenue 1 NOK → 1 NOK (0.0%). Net result +475.41m NOK → +985.1k NOK. Equity 3.97m NOK → 4.95m NOK.
On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADV HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.97m NOK → 4.95m NOK (equity ratio 83.1% → 42.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -25.2k NOK → -63.9k NOK (op. margin -2524000.0% → -6394900.0%). Calculated
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↓
Net result weakened
Net result +475.41m NOK → +985.1k NOK (net margin 47541496100.0% → 98505600.0%). Calculated
-
↓
Cash fell
Bank deposits 1.90m NOK → 153.0k NOK (-92.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.90m NOK → 153.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.36m NOK → 10.37m NOK. Reported fact