AGN RØR AS: årsregnskap 2017 vs 2016
Grew 46% on revenue, weaker earnings
approved 2018-06-30; registry 2018-08-13; journal 2018 910159
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGN RØR AS. Revenue 3.37m NOK → 4.91m NOK (+45.9%). Net result +224.3k NOK → +158.5k NOK. Equity 718.6k NOK → 877.1k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGN RØR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.37m NOK to 4.91m NOK (+45.9% YoY). Calculated
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↑
Equity strengthened
Book equity 718.6k NOK → 877.1k NOK (equity ratio 53.9% → 47.1%). Calculated
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↑
Payroll decreased
Salary cost 750.2k NOK → 729.7k NOK (22% → 15% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +300.9k NOK → +226.8k NOK (op. margin 8.9% → 4.6%). Calculated
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↓
Net result weakened
Net result +224.3k NOK → +158.5k NOK (net margin 6.7% → 3.2%). Calculated
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↓
Cash fell
Bank deposits 288.7k NOK → 218.6k NOK (-24.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.13× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 461.1k NOK → 2.66m NOK (+476.7% YoY). Calculated