ADVANTAGE AS: årsregnskap 2018 vs 2017
Shrank 25% on revenue, slipped into loss
approved 2019-05-27; registry 2019-07-06; journal 2019 605924
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANTAGE AS. Revenue 42.2k NOK → 31.5k NOK (-25.3%). Net result +102.6k NOK → -125.6k NOK. Equity 80.6k NOK → -45.0k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVANTAGE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1 698 NOK → 18.6k NOK (+997.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 42.2k NOK to 31.5k NOK (-25.3% YoY). Calculated
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↓
Operating result weakened
Operating result +62.92m NOK → -125.6k NOK (op. margin 149194.3% → -398.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 102.6k NOK profit to a loss of 125.6k NOK. Calculated
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↓
Equity eroded
Book equity 80.6k NOK → -45.0k NOK (equity ratio 23.8% → -12.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 44.8k NOK → 46.2k NOK. Reported fact