AGERA FORVALTNING AS: årsregnskap 2017 vs 2016
Grew 1108% on revenue, stronger earnings, cash halved-plus
approved 2018-05-29; registry 2018-06-20; journal 2018 514283
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGERA FORVALTNING AS. Revenue 37.3k NOK → 450.7k NOK (+1107.7%). Net result +69.8k NOK → +106.4k NOK. Equity 7.11m NOK → 5 461 NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AGERA FORVALTNING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 37.3k NOK to 450.7k NOK (+1107.7% YoY). Calculated
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↑
Net result improved
Net result +69.8k NOK → +106.4k NOK (net margin 187.1% → 23.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 7.11m NOK → 5 461 NOK (equity ratio 2130.1% → 1.2%). Calculated
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↓
Cash fell
Bank deposits 17.3k NOK → 1 386 NOK (-92.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.21× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 111.8k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 43.2k NOK → 458.7k NOK (+961.8% YoY). Calculated