ADVAXA AS: årsregnskap 2018 vs 2017
Grew 352% on revenue
approved 2019-06-30; registry 2019-08-06; journal 2019 877464
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVAXA AS. Revenue 245.8k NOK → 1.11m NOK (+352.1%). Net result +801.8k NOK → +730.4k NOK. Equity 3.22m NOK → 3.95m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 245.8k NOK to 1.11m NOK (+352.1% YoY). Calculated
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↑
Equity strengthened
Book equity 3.22m NOK → 3.95m NOK (equity ratio 84.1% → 93.3%). Calculated
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↑
Cash rose
Bank deposits 829.9k NOK → 2.22m NOK (+167.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.05m NOK → +950.3k NOK (op. margin 428.8% → 85.5%). Calculated
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↓
Net result weakened
Net result +801.8k NOK → +730.4k NOK (net margin 326.2% → 65.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 151.5k NOK → 5.12m NOK (62% → 461% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 2.00m NOK → 100 NOK. Reported fact