AGRAF AS: årsregnskap 2018 vs 2017
Shrank 57% on revenue, slipped into loss
approved 2019-06-22; registry 2019-07-27; journal 2019 800604
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGRAF AS. Revenue 10.75m NOK → 4.64m NOK (-56.9%). Net result +1.20m NOK → -495.7k NOK. Equity 3.90m NOK → 3.40m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: 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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↑
Cash rose
Bank deposits 80.7k NOK → 968.2k NOK (+1099.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.15m NOK → 1.06m NOK (11% → 23% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.75m NOK to 4.64m NOK (-56.9% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 1.20m NOK profit to a loss of 495.7k NOK. Calculated
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↓
Equity eroded
Book equity 3.90m NOK → 3.40m NOK (equity ratio 77.8% → 77.9%). Calculated
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↓
COGS moved
COGS / varekostnad 876.5k NOK → 3.01m NOK (+243.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 105.0k NOK → 152.7k NOK. Reported fact