Org.nr 965 950 044 2016 → 2017 Year-over-year analysis

AGILE EXECUTIVE SEARCH AS: årsregnskap 2017 vs 2016

Shrank 18% on revenue

approved 2018-06-28; registry 2018-07-04; journal 2018 615283

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AGILE EXECUTIVE SEARCH AS. Revenue 7.61m NOK → 6.25m NOK (-17.9%). Equity 386.0k NOK → -539.8k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGILE EXECUTIVE SEARCH AS.

At a glance

Revenue

7.61m NOK 6.25m NOK

-17.9%

Operating result

+72.4k NOK n/m

—

Net result

-33.0k NOK n/m

—

Equity

386.0k NOK -539.8k NOK

-239.8%

Cash

191.1k NOK 146.2k NOK

-23.5%

Total assets

3.44m NOK 3.34m NOK

-2.9%

↑
Payroll decreased

Salary cost 4.87m NOK → 4.49m NOK (64% → 72% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 7.61m NOK to 6.25m NOK (-17.9% YoY). Calculated
↓
Equity eroded

Book equity 386.0k NOK → -539.8k NOK (equity ratio 11.2% → -16.2%). Calculated
↓
Cash fell

Bank deposits 191.1k NOK → 146.2k NOK (-23.5% YoY). Calculated
↓
COGS moved

COGS / varekostnad 249.1k NOK → 261.6k NOK (+5.0% YoY). Calculated

·
Thin equity buffer

Equity ratio is -16.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation