AGENDA HAIR AS: årsregnskap 2018 vs 2017
Grew 21% on revenue, stronger earnings
approved 2019-02-11; registry 2019-03-28; journal 2019 256735
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGENDA HAIR AS. Revenue 2.93m NOK → 3.54m NOK (+20.8%). Net result +48.6k NOK → +199.5k NOK. Equity 452.7k NOK → 402.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AGENDA HAIR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.93m NOK to 3.54m NOK (+20.8% YoY). Calculated
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↑
Operating result improved
Operating result +252.8k NOK → +261.5k NOK (op. margin 8.6% → 7.4%). Calculated
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Net result improved
Net result +48.6k NOK → +199.5k NOK (net margin 1.7% → 5.6%). Calculated
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Cash rose
Bank deposits 670.4k NOK → 844.9k NOK (+26.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 452.7k NOK → 402.2k NOK (equity ratio 857.1% → 30.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.84m NOK → 2.09m NOK (63% → 59% of revenue). Calculated