Org.nr 999 155 278 2017 → 2018 Year-over-year analysis

ADVANCE EIENDOM AS: årsregnskap 2018 vs 2017

Shrank 54% on revenue, cash halved-plus

approved 2019-05-28; registry 2019-06-18; journal 2019 526148

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVANCE EIENDOM AS. Revenue 249.8k NOK → 115.1k NOK (-53.9%). Equity -557.6k NOK → -603.7k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVANCE EIENDOM AS.

At a glance

Revenue

249.8k NOK 115.1k NOK

-53.9%

Equity

-557.6k NOK -603.7k NOK

-8.3%

Cash

192.2k NOK 90.6k NOK

-52.9%

Total assets

6.96m NOK 6.39m NOK

-8.2%

↓
Revenue fell

Operating income / revenue moved from 249.8k NOK to 115.1k NOK (-53.9% YoY). Calculated
↓
Equity eroded

Book equity -557.6k NOK → -603.7k NOK (equity ratio -8.0% → -9.5%). Calculated
↓
Cash fell

Bank deposits 192.2k NOK → 90.6k NOK (-52.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is -9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 14.7k NOK → 3 303 NOK (-77.6% YoY). Calculated