ADVANTEK AS: årsregnskap 2018 vs 2017
Shrank 21% on revenue, stronger earnings
approved 2019-04-02; registry 2019-06-27; journal 2019 550939
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANTEK AS. Revenue 824.7k NOK → 652.1k NOK (-20.9%). Net result +9 970 NOK → +321.9k NOK. Equity 300.0k NOK → 371.9k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVANTEK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +9 905 NOK → +79.3k NOK (op. margin 1.2% → 12.2%). Calculated
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↑
Net result improved
Net result +9 970 NOK → +321.9k NOK (net margin 1.2% → 49.4%). Calculated
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↑
Equity strengthened
Book equity 300.0k NOK → 371.9k NOK (equity ratio 29.5% → 19.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 824.7k NOK to 652.1k NOK (-20.9% YoY). Calculated
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↓
Cash fell
Bank deposits 146.6k NOK → 79.7k NOK (-45.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 245.7k NOK → 262.0k NOK. Reported fact