ADVANIA IBIZ AS: årsregnskap 2018 vs 2017
Grew 205% on revenue, cash halved-plus
approved 2019-02-28; registry 2019-06-17; journal 2019 453059
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANIA IBIZ AS. Revenue 6.89m NOK → 20.99m NOK (+204.7%). Equity -338.6k NOK → 2.23m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANIA IBIZ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.89m NOK to 20.99m NOK (+204.7% YoY). Calculated
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↑
Operating result improved
Operating result -47.0k NOK → +3.11m NOK (op. margin -0.7% → 14.8%). Calculated
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↑
Equity strengthened
Book equity -338.6k NOK → 2.23m NOK (equity ratio -117.1% → 34.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.46× → 1.52×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 862.2k NOK → 89.2k NOK (-89.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.43m NOK → 4.91m NOK (21% → 23% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.41m NOK → 11.80m NOK (+167.8% YoY). Calculated