ADVIK AS: årsregnskap 2018 vs 2017
Grew 14% on revenue, weaker earnings
approved 2019-03-26; registry 2019-04-02; journal 2019 263142
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVIK AS. Revenue 5.51m NOK → 6.28m NOK (+13.9%). Net result +185.6k NOK → +2 065 NOK. Equity 131.7k NOK → 129.6k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
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 5.51m NOK to 6.28m NOK (+13.9% YoY). Calculated
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↑
Cash rose
Bank deposits 112.2k NOK → 492.5k NOK (+339.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.95× → 1.16×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +255.2k NOK → +20.2k NOK (op. margin 4.6% → 0.3%). Calculated
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↓
Net result weakened
Net result +185.6k NOK → +2 065 NOK (net margin 3.4% → 0.0%). Calculated
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↓
Equity eroded
Book equity 131.7k NOK → 129.6k NOK (equity ratio 16.8% → 13.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.87m NOK → 2.27m NOK (34% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.57m NOK → 3.00m NOK (+16.4% YoY). Calculated