ADVIK AS: årsregnskap 2017 vs 2016
Grew 51% on revenue, returned to profit
approved 2018-05-20; registry 2018-05-30; journal 2018 374418
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVIK AS. Revenue 3.64m NOK → 5.51m NOK (+51.1%). Net result -23.6k NOK → +185.6k NOK. Equity -54.0k NOK → 131.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.64m NOK to 5.51m NOK (+51.1% YoY). Calculated
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↑
Operating result improved
Operating result +37.6k NOK → +255.2k NOK (op. margin 1.0% → 4.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 23.6k NOK to a profit of 185.6k NOK. Calculated
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↑
Equity strengthened
Book equity -54.0k NOK → 131.7k NOK (equity ratio -6.9% → 16.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 201.6k NOK → 112.2k NOK (-44.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.70m NOK → 1.87m NOK (47% → 34% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 224.3k NOK → 2.57m NOK (+1046.9% YoY). Calculated