AGRAF HOLDING AS: årsregnskap 2016 vs 2015
Grew 113% on revenue, returned to profit, cash halved-plus
approved 2017-06-30; registry 2017-08-16; journal 2017 865266
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGRAF HOLDING AS. Revenue 257.5k NOK → 549.1k NOK (+113.2%). Net result -625.7k NOK → +284.5k NOK. Equity 5.40m NOK → 5.86m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGRAF HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 257.5k NOK to 549.1k NOK (+113.2% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 625.7k NOK to a profit of 284.5k NOK. Calculated
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↑
Equity strengthened
Book equity 5.40m NOK → 5.86m NOK (equity ratio 65.4% → 93.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.46× → 4.25×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.25m NOK → 714.6k NOK (-68.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.25m NOK → 714.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.02m NOK → 4.16m NOK. Reported fact