AGRA FOODS AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2018-03-21; registry 2018-08-02; journal 2018 852174
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGRA FOODS AS. Revenue 128.0k NOK → 219 NOK (-99.8%). Net result +208.79m NOK → +384.4k NOK. Equity 450.60m NOK → 592.3k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; 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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Owners injected capital
Paid-in equity rose 76.22m NOK → 318.52m NOK (+242.30m NOK). Reported fact
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Payroll decreased
Salary cost 35.95m NOK → 25.23m NOK (28090% → 11521918% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 128.0k NOK to 219 NOK (-99.8% YoY). Calculated
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Net result weakened
Net result +208.79m NOK → +384.4k NOK (net margin 163118.8% → 175528.8%). Calculated
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Equity eroded
Book equity 450.60m NOK → 592.3k NOK (equity ratio 50552.9% → 46.4%). Calculated
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Cash fell
Bank deposits 3.64m NOK → 3 637 NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 762.38× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.64m NOK → 3 637 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 574.67m NOK → 824.1k NOK. Reported fact