FirmaIQ
Org.nr 929 897 404 2016 → 2017 Year-over-year analysis

SOLVANG ASA: årsregnskap 2017 vs 2016

Grew 7% on revenue, stronger earnings

approved 2018-04-26; registry 2018-08-04; journal 2018 863479

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for SOLVANG ASA. Revenue 78.42m NOK → 83.88m NOK (+7.0%). Net result +223.0k NOK → +9.17m NOK. Equity 521.6k NOK → 532.1k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.

At a glance

Scorecard

Revenue
78.42m NOK 83.88m NOK
+7.0%
Operating result
+11.29m NOK +13.87m NOK
+22.8%
Net result
+223.0k NOK +9.17m NOK
+4013.5%
Equity
521.6k NOK 532.1k NOK
+2.0%
Cash
53.92m NOK 28.40m NOK
-47.3%
Total assets
624.0k NOK 644.7k NOK
+3.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 78.42m NOK to 83.88m NOK (+7.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +11.29m NOK → +13.87m NOK (op. margin 14.4% → 16.5%). Calculated

  • ↑

    Net result improved

    Net result +223.0k NOK → +9.17m NOK (net margin 0.3% → 10.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 521.6k NOK → 532.1k NOK (equity ratio 83.6% → 82.5%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 53.92m NOK → 28.40m NOK (-47.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 552.63m NOK → 552.7k NOK. Reported fact