ADVICE4YOU AS: årsregnskap 2018 vs 2017
Shrank 84% on revenue, cash halved-plus
approved 2019-04-09; registry 2019-05-13; journal 2019 327437
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVICE4YOU AS. Revenue 714.9k NOK → 113.0k NOK (-84.2%). Net result +121.1k NOK → +111.1k NOK. Equity -175.4k NOK → -286.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVICE4YOU AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.10m NOK → 1 104 NOK (434% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 714.9k NOK to 113.0k NOK (-84.2% YoY). Calculated
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↓
Operating result weakened
Operating result +129.9k NOK → +100.1k NOK (op. margin 18.2% → 88.6%). Calculated
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↓
Net result weakened
Net result +121.1k NOK → +111.1k NOK (net margin 16.9% → 98.3%). Calculated
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↓
Equity eroded
Book equity -175.4k NOK → -286.5k NOK (equity ratio -46.1% → -10340.0%). Calculated
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↓
Cash fell
Bank deposits 84.1k NOK → 2 145 NOK (-97.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10340.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation