AGRI EIENDOM AS: årsregnskap 2016 vs 2015
Shrank 40% on revenue, cash halved-plus
approved 2017-06-27; registry 2017-07-01; journal 2017 571063
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGRI EIENDOM AS. Revenue 137.51m NOK → 82.43m NOK (-40.1%). Equity 166.70m NOK → 171.50m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGRI EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 166.70m NOK → 171.50m NOK (equity ratio 31.9% → 36.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 137.51m NOK to 82.43m NOK (-40.1% YoY). Calculated
-
↓
Cash fell
Bank deposits 46.03m NOK → 18.02m NOK (-60.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.73× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 451.9k NOK → 5.08m NOK (0% → 6% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (46.03m NOK → 18.02m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 453 NOK → 453.0k NOK. Reported fact