ADVENT NORWAY AS: årsregnskap 2016 vs 2015
Shrank 24% on revenue, weaker earnings
approved 2017-05-22; registry 2017-06-19; journal 2017 480701
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVENT NORWAY AS. Revenue 21.67m NOK → 16.46m NOK (-24.0%). Net result +2.68m NOK → +555.6k NOK. Equity 15.95m NOK → 16.51m NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +668.3k NOK → +970.3k NOK (op. margin 3.1% → 5.9%). Calculated
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↑
Equity strengthened
Book equity 15.95m NOK → 16.51m NOK (equity ratio 82.9% → 83.2%). Calculated
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↑
Payroll decreased
Salary cost 17.51m NOK → 12.85m NOK (81% → 78% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 21.67m NOK to 16.46m NOK (-24.0% YoY). Calculated
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↓
Net result weakened
Net result +2.68m NOK → +555.6k NOK (net margin 12.4% → 3.4%). Calculated
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↓
Cash fell
Bank deposits 1.87m NOK → 1.51m NOK (-19.3% YoY). Calculated