AGN RØR AS: årsregnskap 2018 vs 2017
Shrank 19% on revenue, cash halved-plus
approved 2019-06-30; registry 2019-07-18; journal 2019 750915
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGN RØR AS. Revenue 4.91m NOK → 3.98m NOK (-18.9%). Net result +158.5k NOK → +187.8k NOK. Equity 877.1k NOK → 64.9k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGN RØR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +226.8k NOK → +244.8k NOK (op. margin 4.6% → 6.1%). Calculated
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Net result improved
Net result +158.5k NOK → +187.8k NOK (net margin 3.2% → 4.7%). Calculated
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Current ratio back above 1×
Current ratio 0.58× → 2.42×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.91m NOK to 3.98m NOK (-18.9% YoY). Calculated
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↓
Equity eroded
Book equity 877.1k NOK → 64.9k NOK (equity ratio 47.1% → 3.9%). Calculated
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↓
Cash fell
Bank deposits 218.6k NOK → 104.3k NOK (-52.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 729.7k NOK → 751.9k NOK (15% → 19% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.66m NOK → 1.64m NOK (-38.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 20.0k NOK → 25.0k NOK. Reported fact