ADVENGE CONSULTING AS: årsregnskap 2018 vs 2017
Shrank 9% on revenue, returned to profit, fresh owner capital
approved 2019-05-22; registry 2019-05-25; journal 2019 406670
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENGE CONSULTING AS. Revenue 612.9k NOK → 556.1k NOK (-9.3%). Net result -17.7k NOK → +50.8k NOK. Equity 153.3k NOK → 204.2k NOK.
On the constructive side: turned profitable; equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVENGE CONSULTING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 17.7k NOK to a profit of 50.8k NOK. Calculated
-
↑
Equity strengthened
Book equity 153.3k NOK → 204.2k NOK (equity ratio 16.7% → 381.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 153.3k NOK → 204.2k NOK (+50.8k NOK). Reported fact
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↑
Payroll decreased
Salary cost 405.3k NOK → 315.2k NOK (66% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 612.9k NOK to 556.1k NOK (-9.3% YoY). Calculated
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↓
Cash fell
Bank deposits 920.4k NOK → 843.6k NOK (-8.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 210.0k NOK. Reported fact