AGORA AS: årsregnskap 2017 vs 2016
Weaker earnings
approved 2018-06-15; registry 2018-07-03; journal 2018 600572
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGORA AS. Revenue 14.78m NOK → 14.55m NOK (-1.5%). Net result +5.87m NOK → +902.9k NOK. Equity 1.74m NOK → 2.04m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGORA AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 1.74m NOK → 2.04m NOK (equity ratio 36.2% → 37.6%). Calculated
-
↑
Cash rose
Bank deposits 3.04m NOK → 3.15m NOK (+3.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 14.78m NOK to 14.55m NOK (-1.5% YoY). Calculated
-
↓
Net result weakened
Net result +5.87m NOK → +902.9k NOK (net margin 39.7% → 6.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 6.88m NOK → 7.04m NOK (47% → 48% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.92m NOK → 4.46m NOK (-9.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 211.4k NOK → 151.4k NOK. Reported fact