AGITO AS: årsregnskap 2016 vs 2015
Shrank 40% on revenue, slipped into loss, cash halved-plus
approved 2017-06-28; registry 2017-07-06; journal 2017 604993
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGITO AS. Revenue 9.79m NOK → 5.90m NOK (-39.7%). Net result +444.2k NOK → -241.3k NOK. Equity 212.0k NOK → -15.1k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGITO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.79m NOK to 5.90m NOK (-39.7% YoY). Calculated
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Fell into a net loss
Net result flipped from 444.2k NOK profit to a loss of 241.3k NOK. Calculated
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Equity eroded
Book equity 212.0k NOK → -15.1k NOK (equity ratio 6.2% → -0.5%). Calculated
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Cash fell
Bank deposits 280.1k NOK → 48.6k NOK (-82.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.78m NOK → 2.27m NOK (-18.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.49m NOK → 1.49m NOK. Reported fact