AGL NORWAY AS: årsregnskap 2018 vs 2017
Grew 155239% on revenue, fresh owner capital
approved 2019-06-13; registry 2019-07-10; journal 2019 665842
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGL NORWAY AS. Revenue 188.1k NOK → 292.16m NOK (+155238.7%). Equity 2.14m NOK → 1.13m NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. 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
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↑
Revenue rose
Operating income / revenue moved from 188.1k NOK to 292.16m NOK (+155238.7% YoY). Calculated
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↑
Cash rose
Bank deposits 416.3k NOK → 456.2k NOK (+9.6% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 130.7k NOK → 260.0k NOK (+129.3k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 2.14m NOK → 1.13m NOK (equity ratio 5.9% → 2.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 10.29m NOK → 12.86m NOK (5469% → 4% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 174.57m NOK → 277.44m NOK (+58.9% YoY). Calculated