ADVAXA AS: årsregnskap 2017 vs 2016
Shrank 65% on revenue, stronger earnings, fresh owner capital
approved 2018-06-20; registry 2018-08-01; journal 2018 868397
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVAXA AS. Revenue 696.2k NOK → 245.8k NOK (-64.7%). Net result +389.6k NOK → +801.8k NOK. Equity 2.42m NOK → 3.22m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVAXA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +519.7k NOK → +1.05m NOK (op. margin 74.6% → 428.8%). Calculated
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Net result improved
Net result +389.6k NOK → +801.8k NOK (net margin 56.0% → 326.2%). Calculated
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Equity strengthened
Book equity 2.42m NOK → 3.22m NOK (equity ratio 86.9% → 84.1%). Calculated
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Cash rose
Bank deposits 635.6k NOK → 829.9k NOK (+30.6% YoY). Calculated
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Owners injected capital
Paid-in equity rose 2 030 NOK → 2.03m NOK (+2.03m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 696.2k NOK to 245.8k NOK (-64.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 4 138 NOK → 151.5k NOK (1% → 62% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2 NOK → 2.00m NOK. Reported fact