ADVANCED FIBER OPTICS AS: årsregnskap 2018 vs 2017
Grew 39% on revenue
approved 2019-05-31; registry 2019-06-24; journal 2019 515102
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANCED FIBER OPTICS AS. Revenue 699.6k NOK → 974.6k NOK (+39.3%). Equity 906.0k NOK → 114.3k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED FIBER OPTICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 699.6k NOK to 974.6k NOK (+39.3% YoY). Calculated
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↑
Operating result improved
Operating result +318.2k NOK → +587.7k NOK (op. margin 45.5% → 60.3%). Calculated
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↑
Cash rose
Bank deposits 1.74m NOK → 1.80m NOK (+3.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 906.0k NOK → 114.3k NOK (equity ratio 36.0% → 4.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation