ADVICON AS: årsregnskap 2018 vs 2017
Shrank 45% on revenue
approved 2019-06-01; registry 2019-07-24; journal 2019 775999
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVICON AS. Revenue 1.67m NOK → 914.3k NOK (-45.4%). Equity 1.20m NOK → 1.84m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell.
Net constructive year on the published lines.
At a glance
Scorecard
Revenue
1.67m NOK
914.3k NOK
-45.4%
Equity
1.20m NOK
1.84m NOK
+53.2%
Cash
1 068 NOK
1.67m NOK
+156333.3%
Total assets
1.74m NOK
2.06m NOK
+18.3%
What improved
-
↑
Equity strengthened
Book equity 1.20m NOK → 1.84m NOK (equity ratio 69.0% → 89.3%). Calculated
-
↑
Cash rose
Bank deposits 1 068 NOK → 1.67m NOK (+156333.3% YoY). Calculated
-
↑
Payroll decreased
Salary cost 9 900 NOK → 2 NOK (1% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.67m NOK to 914.3k NOK (-45.4% YoY). Calculated