AGRAF AS: årsregnskap 2016 vs 2015
Shrank 73% on revenue, returned to profit
approved 2017-06-30; registry 2017-08-16; journal 2017 865250
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGRAF AS. Revenue 2.74m NOK → 753.5k NOK (-72.5%). Net result -336.8k NOK → +79.9k NOK. Equity 2.72m NOK → 2.80m NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGRAF AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 336.8k NOK to a profit of 79.9k NOK. Calculated
-
↑
Equity strengthened
Book equity 2.72m NOK → 2.80m NOK (equity ratio 74.4% → 72.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 38.15×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.74m NOK to 753.5k NOK (-72.5% YoY). Calculated
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↓
Cash fell
Bank deposits 667.1k NOK → 606.0k NOK (-9.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 890.8k NOK → 296.7k NOK (-66.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.90m NOK → 7.63m NOK. Reported fact