FirmaIQ
Org.nr 916 390 831 2017 → 2018 Year-over-year analysis

ADVANTA AS: årsregnskap 2018 vs 2017

Grew 139% on revenue, stronger earnings

approved 2019-07-01; registry 2019-07-10; journal 2019 721484

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVANTA AS. Revenue 16.0k NOK → 38.3k NOK (+139.4%). Net result -410.4k NOK → -38.3k NOK. Equity -356.8k NOK → -395.1k NOK.

On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANTA AS.

At a glance

Scorecard

Revenue
16.0k NOK 38.3k NOK
+139.4%
Operating result
-9 162 NOK n/m
—
Net result
-410.4k NOK -38.3k NOK
+90.7%
Equity
-356.8k NOK -395.1k NOK
-10.7%
Cash
27 NOK 4 021 NOK
+14792.6%
Total assets
100.7k NOK 104.7k NOK
+4.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 16.0k NOK to 38.3k NOK (+139.4% YoY). Calculated

  • ↑

    Net result improved

    Net result -410.4k NOK → -38.3k NOK (net margin -2565.0% → -100.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 27 NOK → 4 021 NOK (+14792.6% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -356.8k NOK → -395.1k NOK (equity ratio -354.2% → -377.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -377.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation