ADVANCED CONTROL AS: årsregnskap 2017 vs 2016
Grew 67% on revenue, weaker earnings, cash halved-plus
approved 2018-06-30; registry 2018-08-02; journal 2018 842247
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVANCED CONTROL AS. Revenue 8.68m NOK → 14.53m NOK (+67.3%). Net result +1.80m NOK → +1.11m NOK. Equity 25.91m NOK → 20.45m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.68m NOK to 14.53m NOK (+67.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +1.80m NOK → +1.11m NOK (net margin 20.7% → 7.6%). Calculated
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↓
Equity eroded
Book equity 25.91m NOK → 20.45m NOK (equity ratio 90.4% → 68.2%). Calculated
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↓
Cash fell
Bank deposits 5.29m NOK → 1.31m NOK (-75.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.29m NOK → 1.31m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 8.97m NOK → 8.92m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 3.12m NOK → 5.96m NOK (36% → 41% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.76m NOK → 7.20m NOK (+160.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.13m NOK → 9.12m NOK. Reported fact