AGNES UTVIKLING AS: årsregnskap 2017 vs 2016
Shrank 70% on revenue, cash halved-plus
approved 2018-05-31; registry 2018-07-12; journal 2018 681428
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGNES UTVIKLING AS. Revenue 31.85m NOK → 9.67m NOK (-69.6%). Equity 41.83m NOK → 42.11m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGNES UTVIKLING AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 41.83m NOK → 42.11m NOK (equity ratio 23.2% → 20.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 31.85m NOK to 9.67m NOK (-69.6% YoY). Calculated
-
↓
Cash fell
Bank deposits 6.14m NOK → 648.4k NOK (-89.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.77× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.51m NOK → 1.54m NOK (5% → 16% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.14m NOK → 648.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 2 NOK → 8 844 NOK. Reported fact