FirmaIQ
Org.nr 979 515 715 2017 → 2018 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2018 vs 2017

Grew 11% on revenue, weaker earnings, cash halved-plus

approved 2019-05-13; registry 2019-06-22; journal 2019 504155

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVENT NORWAY AS. Revenue 16.65m NOK → 18.55m NOK (+11.4%). Net result +936.0k NOK → +55.6k NOK. Equity 2.45m NOK → 2.50m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVENT NORWAY AS.

At a glance

Scorecard

Revenue
16.65m NOK 18.55m NOK
+11.4%
Operating result
+573.1k NOK +1.60m NOK
+179.9%
Net result
+936.0k NOK +55.6k NOK
-94.1%
Equity
2.45m NOK 2.50m NOK
+2.3%
Cash
924.7k NOK 422.3k NOK
-54.3%
Total assets
5.38m NOK 5.83m NOK
+8.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 16.65m NOK to 18.55m NOK (+11.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +573.1k NOK → +1.60m NOK (op. margin 3.4% → 8.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.45m NOK → 2.50m NOK (equity ratio 45.5% → 42.9%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +936.0k NOK → +55.6k NOK (net margin 5.6% → 0.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 924.7k NOK → 422.3k NOK (-54.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 12.49m NOK → 13.06m NOK (75% → 70% of revenue). Calculated