Org.nr 988 440 655 2016 → 2017 Year-over-year analysis

AVECTOR AS: årsregnskap 2017 vs 2016

Slipped into loss, cash halved-plus

approved 2018-06-06; registry 2018-06-16; journal 2018 486094

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AVECTOR AS. Net result +244.1k NOK → -79.2k NOK. Equity 9.20m NOK → 9.12m NOK.

Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AVECTOR AS.

At a glance

Revenue

n/m 39.1k NOK

—

Operating result

n/m -18.1k NOK

—

Net result

+244.1k NOK -79.2k NOK

-132.5%

Equity

9.20m NOK 9.12m NOK

-0.9%

Cash

1.04m NOK 286.8k NOK

-72.4%

Total assets

9.21m NOK 14.25m NOK

+54.7%

↓
Fell into a net loss

Net result flipped from 244.1k NOK profit to a loss of 79.2k NOK. Calculated
↓
Equity eroded

Book equity 9.20m NOK → 9.12m NOK (equity ratio 99.8% → 64.0%). Calculated
↓
Cash fell

Bank deposits 1.04m NOK → 286.8k NOK (-72.4% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.04m NOK → 286.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 2.21m NOK → 3.67m NOK. Reported fact