FirmaIQ
Org.nr 979 515 715 2016 → 2017 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2017 vs 2016

Stronger earnings

approved 2018-03-28; registry 2018-05-29; journal 2018 368362

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVENT NORWAY AS. Revenue 16.46m NOK → 16.65m NOK (+1.2%). Net result +555.6k NOK → +936.0k NOK. Equity 16.51m NOK → 2.45m NOK.

On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.

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

At a glance

Scorecard

Revenue
16.46m NOK 16.65m NOK
+1.2%
Operating result
+970.3k NOK +573.1k NOK
-40.9%
Net result
+555.6k NOK +936.0k NOK
+68.5%
Equity
16.51m NOK 2.45m NOK
-85.2%
Cash
1.51m NOK 924.7k NOK
-38.8%
Total assets
19.85m NOK 5.38m NOK
-72.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 16.46m NOK to 16.65m NOK (+1.2% YoY). Calculated

  • ↑

    Net result improved

    Net result +555.6k NOK → +936.0k NOK (net margin 3.4% → 5.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 12.85m NOK → 12.49m NOK (78% → 75% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +970.3k NOK → +573.1k NOK (op. margin 5.9% → 3.4%). Calculated

  • ↓

    Equity eroded

    Book equity 16.51m NOK → 2.45m NOK (equity ratio 83.2% → 45.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.51m NOK → 924.7k NOK (-38.8% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 16.20m NOK → 1.20m NOK — check capital reduction, conversion, or reclassification. Interpretation