AGL NORWAY AS: årsregnskap 2016 vs 2015
Grew 182991% on revenue, returned to profit
approved 2017-05-15; registry 2017-06-20; journal 2017 490042
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGL NORWAY AS. Revenue 54.8k NOK → 100.28m NOK (+182991.3%). Net result -407.4k NOK → +588.4k NOK. Equity 422.6k NOK → 11.0k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGL NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 54.8k NOK to 100.28m NOK (+182991.3% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 407.4k NOK to a profit of 588.4k NOK. Calculated
-
↑
Cash rose
Bank deposits 10.4k NOK → 300.8k NOK (+2783.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 422.6k NOK → 11.0k NOK (equity ratio 2.2% → 0.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3 836 NOK → 6.76m NOK (7% → 7% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 50.8k NOK → 88.07m NOK (+173228.1% YoY). Calculated