AGIO VENTURE AS: årsregnskap 2018 vs 2017
Shrank 15% on revenue, returned to profit, cash halved-plus
approved 2019-06-27; registry 2019-07-06; journal 2019 618273
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGIO VENTURE AS. Revenue 17.0k NOK → 14.5k NOK (-14.7%). Net result -1 735 NOK → +8 287 NOK. Equity -251.0k NOK → -247.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGIO VENTURE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1 737 NOK → +3 294 NOK (op. margin -10.2% → 22.7%). Calculated
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Turned profitable
Net result flipped from a loss of 1 735 NOK to a profit of 8 287 NOK. Calculated
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↑
Equity strengthened
Book equity -251.0k NOK → -247.7k NOK (equity ratio -2080.2% → -4135.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.0k NOK to 14.5k NOK (-14.7% YoY). Calculated
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↓
Cash fell
Bank deposits 12.1k NOK → 5 991 NOK (-50.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.29× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4135.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation