FirmaIQ
Org.nr 915 813 860 2017 → 2018 Year-over-year analysis

ADVENIT AS: årsregnskap 2018 vs 2017

Grew 42% on revenue, stronger earnings

approved 2019-01-17; registry 2019-06-11; journal 2019 403322

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVENIT AS. Revenue 6.96m NOK → 9.89m NOK (+42.2%). Net result +1.30m NOK → +2.24m NOK. Equity 1.33m NOK → 1.27m NOK.

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

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVENIT AS.

At a glance

Scorecard

Revenue
6.96m NOK 9.89m NOK
+42.2%
Net result
+1.30m NOK +2.24m NOK
+72.7%
Equity
1.33m NOK 1.27m NOK
-4.6%
Cash
2.03m NOK 3.25m NOK
+59.7%
Total assets
2.84m NOK 5.28m NOK
+86.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.96m NOK to 9.89m NOK (+42.2% YoY). Calculated

  • ↑

    Net result improved

    Net result +1.30m NOK → +2.24m NOK (net margin 18.6% → 22.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.03m NOK → 3.25m NOK (+59.7% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.33m NOK → 1.27m NOK (equity ratio 46.8% → 24.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.23m NOK → 4.58m NOK (61% → 46% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 26.7k NOK → 1.18m NOK (+4330.8% YoY). Calculated