Org.nr 996 395 723 2016 → 2017 Year-over-year analysis

ADVENIO AS: årsregnskap 2017 vs 2016

Grew 38% on revenue

approved 2018-02-02; registry 2018-02-08; journal 2018 206093

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVENIO AS. Revenue 3.97m NOK → 5.47m NOK (+37.9%). Equity 829.2k NOK → 1 140 NOK.

On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVENIO AS.

At a glance

Revenue

3.97m NOK 5.47m NOK

+37.9%

Net result

n/m +837.8k NOK

—

Equity

829.2k NOK 1 140 NOK

-99.9%

Cash

1.28m NOK 1.77m NOK

+38.1%

Total assets

1.94m NOK 2.95m NOK

+51.7%

↑
Revenue rose

Operating income / revenue moved from 3.97m NOK to 5.47m NOK (+37.9% YoY). Calculated
↑
Cash rose

Bank deposits 1.28m NOK → 1.77m NOK (+38.1% YoY). Calculated

↓
Equity eroded

Book equity 829.2k NOK → 1 140 NOK (equity ratio 42.6% → 0.0%). Calculated

·
Thin equity buffer

Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS moved

COGS / varekostnad 125.0k NOK → 232.4k NOK (+85.9% YoY). Calculated