ADVANIA IBIZ AS: årsregnskap 2017 vs 2016
Grew 177416% on revenue, weaker earnings
approved 2018-04-30; registry 2018-06-18; journal 2018 492379
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVANIA IBIZ AS. Revenue 3 881 NOK → 6.89m NOK (+177415.5%). Net result +9.87bn NOK → +8 NOK. Equity -268.7k NOK → -338.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANIA IBIZ AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3 881 NOK to 6.89m NOK (+177415.5% YoY). Calculated
-
↑
Operating result improved
Operating result -357.6k NOK → -47.0k NOK (op. margin -9213.7% → -0.7%). Calculated
-
↑
Cash rose
Bank deposits 317.8k NOK → 862.2k NOK (+171.3% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +9.87bn NOK → +8 NOK (net margin 254428463.9% → 0.0%). Calculated
-
↓
Equity eroded
Book equity -268.7k NOK → -338.6k NOK (equity ratio -37.1% → -117.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -117.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1 NOK → 1.43m NOK (0% → 21% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2 884 NOK → 4.41m NOK (+152698.9% YoY). Calculated