AGRA FOODS AS: årsregnskap 2016 vs 2015
Grew 616% on revenue, cash halved-plus
approved 2017-03-21; registry 2017-08-07; journal 2017 827446
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGRA FOODS AS. Revenue 17.9k NOK → 128.0k NOK (+615.5%). Equity 569.81m NOK → 450.60m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 17.9k NOK to 128.0k NOK (+615.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.19× → 762.38×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 569.81m NOK → 450.60m NOK (equity ratio 77617.6% → 50552.9%). Calculated
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↓
Cash fell
Bank deposits 12.19m NOK → 3.64m NOK (-70.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (12.19m NOK → 3.64m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 18.95m NOK → 35.95m NOK (105948% → 28090% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 667.3k NOK → 574.67m NOK. Reported fact