AGNOSS AS: årsregnskap 2018 vs 2017
Shrank 56% on revenue, slipped into loss
approved 2019-07-10; registry 2019-07-17; journal 2019 738289
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGNOSS AS. Revenue 765.9k NOK → 340.0k NOK (-55.6%). Net result +73.9k NOK → -248.2k NOK. Equity 4.11m NOK → -133.8k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGNOSS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 765.9k NOK to 340.0k NOK (-55.6% YoY). Calculated
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Fell into a net loss
Net result flipped from 73.9k NOK profit to a loss of 248.2k NOK. Calculated
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Equity eroded
Book equity 4.11m NOK → -133.8k NOK (equity ratio 1126.9% → -35.6%). Calculated
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Cash fell
Bank deposits 200.8k NOK → 108.7k NOK (-45.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.91× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -35.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation