AGGS AS: årsregnskap 2018 vs 2017
Shrank 25% on revenue, slipped into loss, cash halved-plus
approved 2019-04-08; registry 2019-05-11; journal 2019 321831
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGGS AS. Revenue 1.41m NOK → 1.06m NOK (-24.5%). Net result +937.4k NOK → -34.0k NOK. Equity -419.3k NOK → -453.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGGS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 44.6k NOK → 3 NOK (3% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.41m NOK to 1.06m NOK (-24.5% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 937.4k NOK profit to a loss of 34.0k NOK. Calculated
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↓
Equity eroded
Book equity -419.3k NOK → -453.3k NOK (equity ratio -30.7% → -41.4%). Calculated
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↓
Cash fell
Bank deposits 917.1k NOK → 81.1k NOK (-91.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -41.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation