Org.nr 999 517 854 2015 → 2016 Year-over-year analysis

ADVENGE CONSULTING AS: årsregnskap 2016 vs 2015

Shrank 87% on revenue, cash halved-plus

approved 2017-05-24; registry 2017-06-12; journal 2017 427409

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVENGE CONSULTING AS. Revenue 1.29m NOK → 170.8k NOK (-86.7%). Equity 826.4k NOK → 171.0k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVENGE CONSULTING AS.

At a glance

Revenue

1.29m NOK 170.8k NOK

-86.7%

Operating result

+378.6k NOK n/m

—

Equity

826.4k NOK 171.0k NOK

-79.3%

Cash

2.16m NOK 1.02m NOK

-52.7%

Total assets

2.16m NOK 1.04m NOK

-51.8%

↓
Revenue fell

Operating income / revenue moved from 1.29m NOK to 170.8k NOK (-86.7% YoY). Calculated
↓
Equity eroded

Book equity 826.4k NOK → 171.0k NOK (equity ratio 38.2% → 16.4%). Calculated
↓
Cash fell

Bank deposits 2.16m NOK → 1.02m NOK (-52.7% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 826.4k NOK → 171.0k NOK — check capital reduction, conversion, or reclassification. Interpretation