ADVIS EIENDOM AS: årsregnskap 2018 vs 2017
Grew 75% on revenue, returned to profit, cash halved-plus
approved 2019-06-05; registry 2019-06-20; journal 2019 487628
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVIS EIENDOM AS. Revenue 48.0k NOK → 83.8k NOK (+74.6%). Net result -43.97bn NOK → +11.0k NOK. Equity 534.9k NOK → 45.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVIS EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 48.0k NOK to 83.8k NOK (+74.6% YoY). Calculated
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Operating result improved
Operating result -49.1k NOK → +24.1k NOK (op. margin -102.3% → 28.7%). Calculated
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Turned profitable
Net result flipped from a loss of 43.97bn NOK to a profit of 11.0k NOK. Calculated
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Payroll decreased
Salary cost 20.0k NOK → 7 101 NOK (42% → 8% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 534.9k NOK → 45.9k NOK (equity ratio 20.2% → 0.8%). Calculated
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↓
Cash fell
Bank deposits 128.9k NOK → 8 984 NOK (-93.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 549.5k NOK → 25.6k NOK. Reported fact