AGRA FOODS AS: årsregnskap 2015 vs 2014
Shrank 100% on revenue, cash halved-plus
approved 2016-03-14; registry 2016-09-01; journal 2016 891131
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AGRA FOODS AS. Revenue 17.89m NOK → 17.9k NOK (-99.9%). Equity 648.9k NOK → 569.81m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AGRA FOODS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 648.9k NOK → 569.81m NOK (equity ratio 88.5% → 77617.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.89m NOK to 17.9k NOK (-99.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 161.52m NOK → 12.19m NOK (-92.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.25× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 12.64m NOK → 18.95m NOK (71% → 105948% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (161.52m NOK → 12.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 82.62m NOK → 76.22m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 499.3k NOK → 667.3k NOK. Reported fact