AGON SOLUTIONS AS: årsregnskap 2017 vs 2016
Shrank 97% on revenue, weaker earnings, fresh owner capital
approved 2018-05-31; registry 2018-06-04; journal 2018 447294
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGON SOLUTIONS AS. Revenue 824.7k NOK → 24.4k NOK (-97.0%). Net result +33.3k NOK → +786 NOK. Equity 57.5k NOK → 56.7k NOK.
On the constructive side: current ratio back above 1×; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGON SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.56×. Calculated
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↑
Owners injected capital
Paid-in equity rose 57.5k NOK → 90.8k NOK (+33.3k NOK). Reported fact
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Payroll decreased
Salary cost 4.51bn NOK → 4 NOK (547264% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 824.7k NOK to 24.4k NOK (-97.0% YoY). Calculated
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↓
Operating result weakened
Operating result +51.0k NOK → +873 NOK (op. margin 6.2% → 3.6%). Calculated
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↓
Net result weakened
Net result +33.3k NOK → +786 NOK (net margin 4.0% → 3.2%). Calculated
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↓
Cash fell
Bank deposits 163.5k NOK → 158.6k NOK (-3.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 6 896 NOK → 0 NOK (-100.0% YoY). Calculated