ADVANCED INNOVATIONS AS: årsregnskap 2018 vs 2017
Grew 90% on revenue, stronger earnings, fresh owner capital
approved 2019-05-27; registry 2019-06-18; journal 2019 451269
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANCED INNOVATIONS AS. Revenue 93.0k NOK → 176.7k NOK (+90.0%). Net result +51.7k NOK → +140.7k NOK. Equity -27.3k NOK → -168.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED INNOVATIONS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 93.0k NOK to 176.7k NOK (+90.0% YoY). Calculated
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Operating result improved
Operating result +51.7k NOK → +140.9k NOK (op. margin 55.6% → 79.7%). Calculated
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Net result improved
Net result +51.7k NOK → +140.7k NOK (net margin 55.6% → 79.6%). Calculated
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Cash rose
Bank deposits 9 364 NOK → 41.4k NOK (+342.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 24.4k NOK → 30.0k NOK (+5 570 NOK). Reported fact
What deteriorated
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Equity eroded
Book equity -27.3k NOK → -168.0k NOK (equity ratio -43.7% → -163.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -163.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation