AGG INVEST AS: årsregnskap 2018 vs 2017
Shrank 45% on revenue, weaker earnings
approved 2019-07-09; registry 2019-07-17; journal 2019 736841
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGG INVEST AS. Revenue 1.15m NOK → 636.7k NOK (-44.8%). Net result +185.3k NOK → +8 889 NOK. Equity 899.3k NOK → 11.91m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGG INVEST AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 899.3k NOK → 11.91m NOK (equity ratio 28.8% → 345.7%). Calculated
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↑
Cash rose
Bank deposits 115.7k NOK → 154.1k NOK (+33.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.15m NOK to 636.7k NOK (-44.8% YoY). Calculated
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↓
Operating result weakened
Operating result +284.1k NOK → +47.4k NOK (op. margin 24.6% → 7.5%). Calculated
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↓
Net result weakened
Net result +185.3k NOK → +8 889 NOK (net margin 16.1% → 1.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 281.9k NOK → 307.8k NOK (+9.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 618 NOK → 1.73m NOK. Reported fact