Org.nr 977 220 815 2017 → 2018 Year-over-year analysis

ADVANCED CONTROL AS: årsregnskap 2018 vs 2017

Shrank 7% on revenue

approved 2019-06-13; registry 2019-07-02; journal 2019 581731

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVANCED CONTROL AS. Revenue 14.53m NOK → 13.51m NOK (-7.0%). Equity 20.45m NOK → 18.63m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.

At a glance

Revenue

14.53m NOK 13.51m NOK

-7.0%

Net result

+1.11m NOK n/m

—

Equity

20.45m NOK 18.63m NOK

-8.9%

Cash

1.31m NOK 1.41m NOK

+7.4%

Total assets

30.00m NOK 43.22m NOK

+44.1%

↓
Revenue fell

Operating income / revenue moved from 14.53m NOK to 13.51m NOK (-7.0% YoY). Calculated
↓
Equity eroded

Book equity 20.45m NOK → 18.63m NOK (equity ratio 68.2% → 43.1%). Calculated
↓
Payroll up without matching revenue

Salary cost 5.96m NOK → 5.98m NOK (41% → 44% of revenue). Calculated

·
COGS fell

COGS / varekostnad 7.20m NOK → 5.92m NOK (-17.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 9.12m NOK → 116.0k NOK. Reported fact