Org.nr 913 364 805 2016 → 2017 Year-over-year analysis

AINNOVATE AS: årsregnskap 2017 vs 2016

Grew 142260% on revenue, cash halved-plus

approved 2018-06-26; registry 2018-07-02; journal 2018 609471

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AINNOVATE AS. Revenue 1 030 NOK → 1.47m NOK (+142260.1%). Equity 324.7k NOK → 110.8k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AINNOVATE AS.

At a glance

Revenue

1 030 NOK 1.47m NOK

+142260.1%

Operating result

+155.8k NOK -277.8k NOK

-278.2%

Equity

324.7k NOK 110.8k NOK

-65.9%

Cash

376.6k NOK 169.2k NOK

-55.1%

Total assets

497.3k NOK 242.4k NOK

-51.3%

↑
Revenue rose

Operating income / revenue moved from 1 030 NOK to 1.47m NOK (+142260.1% YoY). Calculated
↑
Payroll decreased

Salary cost 642.6k NOK → 619.5k NOK (62390% → 42% of revenue). Calculated

↓
Operating result weakened

Operating result +155.8k NOK → -277.8k NOK (op. margin 15129.7% → -18.9%). Calculated
↓
Equity eroded

Book equity 324.7k NOK → 110.8k NOK (equity ratio 65.3% → 45.7%). Calculated
↓
Cash fell

Bank deposits 376.6k NOK → 169.2k NOK (-55.1% YoY). Calculated