AGR SOFTWARE AS: årsregnskap 2016 vs 2015
Grew 42% on revenue
approved 2017-06-30; registry 2017-07-18; journal 2017 704936
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGR SOFTWARE AS. Revenue 4.04m NOK → 5.73m NOK (+41.8%). Equity 23.38m NOK → 19.85m NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGR SOFTWARE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.04m NOK to 5.73m NOK (+41.8% YoY). Calculated
-
↑
Operating result improved
Operating result +1.08m NOK → +2.26m NOK (op. margin 26.8% → 39.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.97× → 1.53×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 23.38m NOK → 19.85m NOK (equity ratio 91.9% → 91.5%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2 785 NOK → 9.43m NOK (0% → 165% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 558.1k NOK → 829.4k NOK (+48.6% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 17.1k NOK → 11.82m NOK. Reported fact