ADVANTA AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-05-30; registry 2018-06-26; journal 2018 570886
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVANTA AS. Revenue 16.0k NOK → 16.0k NOK (0.0%). Net result -38.3k NOK → -410.4k NOK. Equity 53.6k NOK → -356.8k NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVANTA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -38.3k NOK → -9 162 NOK (op. margin -239.2% → -57.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result -38.3k NOK → -410.4k NOK (net margin -239.1% → -2565.0%). Calculated
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↓
Equity eroded
Book equity 53.6k NOK → -356.8k NOK (equity ratio 10.6% → -354.2%). Calculated
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↓
Cash fell
Bank deposits 5 338 NOK → 27 NOK (-99.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -354.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 501.9k NOK → 5 700 NOK. Reported fact