A2G GRUPPEN AS: årsregnskap 2017 vs 2016
Shrank 15% on revenue, stronger earnings, cash halved-plus
approved 2018-04-23; registry 2018-07-17; journal 2018 702880
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A2G GRUPPEN AS. Revenue 44.71m NOK → 37.85m NOK (-15.4%). Net result +2.35m NOK → +6.51m NOK. Equity -2.81m NOK → 3.70m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for A2G GRUPPEN AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +2.35m NOK → +6.51m NOK (net margin 5.3% → 17.2%). Calculated
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↑
Equity strengthened
Book equity -2.81m NOK → 3.70m NOK (equity ratio -2.7% → 4.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 44.71m NOK to 37.85m NOK (-15.4% YoY). Calculated
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↓
Operating result weakened
Operating result +4.38m NOK → -1.23m NOK (op. margin 9.8% → -3.3%). Calculated
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↓
Cash fell
Bank deposits 37.46m NOK → 4.76m NOK (-87.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (37.46m NOK → 4.76m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 393.5k NOK → 143.7k NOK (-63.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 11.75m NOK → 9.70m NOK. Reported fact