AGN AS: årsregnskap 2017 vs 2016
Grew 33% on revenue, stronger earnings
approved 2018-06-30; registry 2018-07-31; journal 2018 828692
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGN AS. Revenue 634.8k NOK → 846.2k NOK (+33.3%). Net result +44.1k NOK → +328.1k NOK. Equity 68.5k NOK → 151.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AGN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 634.8k NOK to 846.2k NOK (+33.3% YoY). Calculated
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Operating result improved
Operating result +55.0k NOK → +272.7k NOK (op. margin 8.7% → 32.2%). Calculated
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Net result improved
Net result +44.1k NOK → +328.1k NOK (net margin 6.9% → 38.8%). Calculated
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Equity strengthened
Book equity 68.5k NOK → 151.9k NOK (equity ratio 25.1% → 20.7%). Calculated
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Cash rose
Bank deposits 201.1k NOK → 347.0k NOK (+72.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.31× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 395 NOK → 514.8k NOK (0% → 61% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 5 000 NOK → 30.0k NOK. Reported fact