AGGREKO NORWAY AS: årsregnskap 2017 vs 2016
Shrank 15% on revenue, cash halved-plus
approved 2018-07-07; registry 2018-08-09; journal 2018 890610
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGGREKO NORWAY AS. Revenue 75.23m NOK → 64.17m NOK (-14.7%). Equity 57.46m NOK → 35.64m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AGGREKO NORWAY AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 75.23m NOK to 64.17m NOK (-14.7% YoY). Calculated
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↓
Equity eroded
Book equity 57.46m NOK → 35.64m NOK (equity ratio 46.5% → 35.6%). Calculated
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↓
Cash fell
Bank deposits 5.22m NOK → 1.74m NOK (-66.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.05× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.22m NOK → 1.74m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 18.12m NOK → 15.53m NOK (-14.3% YoY). Calculated