AGENTUR ROALD KVERNELAND AS: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-06-15; registry 2018-08-02; journal 2018 862901
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGENTUR ROALD KVERNELAND AS. Revenue 2.68m NOK → 2.65m NOK (-1.1%). Net result -73.1k NOK → +138.4k NOK. Equity 4.03m NOK → 3.89m NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGENTUR ROALD KVERNELAND AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -73.3k NOK → +222.4k NOK (op. margin -2.7% → 8.4%). Calculated
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Turned profitable
Net result flipped from a loss of 73.1k NOK to a profit of 138.4k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.68m NOK to 2.65m NOK (-1.1% YoY). Calculated
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↓
Equity eroded
Book equity 4.03m NOK → 3.89m NOK (equity ratio 95.8% → 100.7%). Calculated
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↓
Cash fell
Bank deposits 1.82m NOK → 715.9k NOK (-60.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 17.52× → -114.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 479.6k NOK → 666.4k NOK (18% → 25% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.82m NOK → 715.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 1.75m NOK → 1.46m NOK (-16.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 144.8k NOK → 9 104 NOK. Reported fact