FirmaIQ
Org.nr 893 011 242 2016 → 2017 Year-over-year analysis

ADVANTEK ENGINEERING AS: årsregnskap 2017 vs 2016

Grew 51% on revenue

approved 2018-06-09; registry 2018-06-18; journal 2018 491521

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVANTEK ENGINEERING AS. Revenue 9.18m NOK → 13.90m NOK (+51.3%). Net result +517.1k NOK → +452.9k NOK. Equity 100.3k NOK → 100.1k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVANTEK ENGINEERING AS.

At a glance

Scorecard

Revenue
9.18m NOK 13.90m NOK
+51.3%
Operating result
+694.8k NOK +912.8k NOK
+31.4%
Net result
+517.1k NOK +452.9k NOK
-12.4%
Equity
100.3k NOK 100.1k NOK
-0.2%
Cash
1.11m NOK 1.36m NOK
+22.1%
Total assets
3.03m NOK 5.74m NOK
+89.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.18m NOK to 13.90m NOK (+51.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +694.8k NOK → +912.8k NOK (op. margin 7.6% → 6.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.11m NOK → 1.36m NOK (+22.1% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +517.1k NOK → +452.9k NOK (net margin 5.6% → 3.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 7.50m NOK → 9.11m NOK (82% → 66% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 124.7k NOK → 569 NOK (-99.5% YoY). Calculated