AVECTOR AS: årsregnskap 2018 vs 2017
Grew 146% on revenue, cash halved-plus
approved 2019-05-01; registry 2019-07-30; journal 2019 817638
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AVECTOR AS. Revenue 39.1k NOK → 96.5k NOK (+146.5%). Net result -79.2k NOK → -83.2k NOK. Equity 9.12m NOK → 8.84m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AVECTOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 39.1k NOK to 96.5k NOK (+146.5% YoY). Calculated
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↑
Operating result improved
Operating result -18.1k NOK → +10.2k NOK (op. margin -46.2% → 10.6%). Calculated
What deteriorated
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↓
Net result weakened
Net result -79.2k NOK → -83.2k NOK (net margin -202.4% → -86.2%). Calculated
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↓
Equity eroded
Book equity 9.12m NOK → 8.84m NOK (equity ratio 64.0% → 64.2%). Calculated
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↓
Cash fell
Bank deposits 286.8k NOK → 51.7k NOK (-82.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 3.67m NOK → 3.43m NOK. Reported fact