AGR SOFTWARE AS: årsregnskap 2017 vs 2016
Grew 71% on revenue
approved 2018-06-29; registry 2018-07-24; journal 2018 763993
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGR SOFTWARE AS. Revenue 5.73m NOK → 9.77m NOK (+70.5%). Equity 19.85m NOK → 15.59m NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGR SOFTWARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.73m NOK to 9.77m NOK (+70.5% YoY). Calculated
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↑
Cash rose
Bank deposits 2.59m NOK → 4.28m NOK (+65.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 20.66m NOK → 20.68m NOK (+16.3k NOK). Reported fact
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↑
Payroll decreased
Salary cost 9.43m NOK → 11 NOK (165% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.26m NOK → -1.80m NOK (op. margin 39.4% → -18.4%). Calculated
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↓
Equity eroded
Book equity 19.85m NOK → 15.59m NOK (equity ratio 91.5% → 48.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 829.4k NOK → 160.3k NOK (-80.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 11.82m NOK → 8.90m NOK. Reported fact