AGNES AS: årsregnskap 2018 vs 2017
Grew 219% on revenue, stronger earnings
approved 2019-05-30; registry 2019-06-03; journal 2019 462629
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGNES AS. Revenue 43.9k NOK → 140.0k NOK (+218.6%). Net result -23.0k NOK → -11.3k NOK. Equity 1 468 NOK → -9 786 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AGNES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 43.9k NOK to 140.0k NOK (+218.6% YoY). Calculated
-
↑
Operating result improved
Operating result -23.0k NOK → -11.1k NOK (op. margin -52.3% → -7.9%). Calculated
-
↑
Net result improved
Net result -23.0k NOK → -11.3k NOK (net margin -52.3% → -8.0%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1 468 NOK → -9 786 NOK (equity ratio 17.7% → -129.3%). Calculated
-
↓
Cash fell
Bank deposits 6 271 NOK → 3 847 NOK (-38.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -129.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 25.2k NOK → 93.1k NOK (57% → 67% of revenue). Calculated