Org.nr 992 009 241 2016 → 2017 Year-over-year analysis

ADVANIA NORGE AS: årsregnskap 2017 vs 2016

Shrank 17% on revenue

approved 2018-02-13; registry 2018-06-04; journal 2018 397859

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVANIA NORGE AS. Revenue 340.67m NOK → 283.33m NOK (-16.8%). Equity 29.98m NOK → 35.42m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANIA NORGE AS.

At a glance

Revenue

340.67m NOK 283.33m NOK

-16.8%

Operating result

+29.92m NOK +21.07m NOK

-29.6%

Equity

29.98m NOK 35.42m NOK

+18.2%

Cash

50.14m NOK 36.57m NOK

-27.1%

Total assets

104.03m NOK 93.48m NOK

-10.1%

↑
Equity strengthened

Book equity 29.98m NOK → 35.42m NOK (equity ratio 28.8% → 37.9%). Calculated

↓
Revenue fell

Operating income / revenue moved from 340.67m NOK to 283.33m NOK (-16.8% YoY). Calculated
↓
Operating result weakened

Operating result +29.92m NOK → +21.07m NOK (op. margin 8.8% → 7.4%). Calculated
↓
Cash fell

Bank deposits 50.14m NOK → 36.57m NOK (-27.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 12.95m NOK → 13.80m NOK (4% → 5% of revenue). Calculated

·
COGS fell

COGS / varekostnad 295.23m NOK → 245.45m NOK (-16.9% YoY). Calculated