AGF AS: årsregnskap 2016 vs 2015
Grew 23% on revenue, cash halved-plus
approved 2017-06-07; registry 2017-06-15; journal 2017 458139
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGF AS. Revenue 4.18m NOK → 5.13m NOK (+22.8%). Equity 4.19bn NOK → 4.19bn NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for AGF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.18m NOK to 5.13m NOK (+22.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +4.13m NOK → +3.45m NOK (op. margin 98.8% → 67.2%). Calculated
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↓
Equity eroded
Book equity 4.19bn NOK → 4.19bn NOK (equity ratio 2179.5% → 2184.3%). Calculated
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↓
Cash fell
Bank deposits 14.12m NOK → 2.23m NOK (-84.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (14.12m NOK → 2.23m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 141.30m NOK → 137.30m NOK — check capital reduction, conversion, or reclassification. Interpretation