FirmaIQ
Org.nr 998 457 149 2017 → 2018 Year-over-year analysis

ADVASAN MEDICAL GROUP AS: årsregnskap 2018 vs 2017

Grew 2681% on revenue, returned to profit

approved 2019-05-03; registry 2019-08-06; journal 2019 881646

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVASAN MEDICAL GROUP AS. Revenue 12.6k NOK → 349.9k NOK (+2680.6%). Net result -1 336 NOK → +34.8k NOK. Equity 20.5k NOK → 55.3k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVASAN MEDICAL GROUP AS.

At a glance

Scorecard

Revenue
12.6k NOK 349.9k NOK
+2680.6%
Operating result
-1 355 NOK +36.7k NOK
+2809.7%
Net result
-1 336 NOK +34.8k NOK
+2702.2%
Equity
20.5k NOK 55.3k NOK
+169.3%
Cash
17.0k NOK 164.3k NOK
+863.5%
Total assets
53.7k NOK 198.5k NOK
+269.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.6k NOK to 349.9k NOK (+2680.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1 355 NOK → +36.7k NOK (op. margin -10.8% → 10.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1 336 NOK to a profit of 34.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 20.5k NOK → 55.3k NOK (equity ratio 38.2% → 27.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 17.0k NOK → 164.3k NOK (+863.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 6 451 NOK → 206.8k NOK (+3105.2% YoY). Calculated