AGRI EIENDOM STAVANGER AS: årsregnskap 2017 vs 2016
Shrank 6% on revenue, cash halved-plus
approved 2018-06-27; registry 2018-07-11; journal 2018 669789
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGRI EIENDOM STAVANGER AS. Revenue 1.72m NOK → 1.61m NOK (-6.3%). Equity 770.0k NOK → -2.87m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AGRI EIENDOM STAVANGER AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.72m NOK to 1.61m NOK (-6.3% YoY). Calculated
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Equity eroded
Book equity 770.0k NOK → -2.87m NOK (equity ratio 4.1% → -19.6%). Calculated
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Cash fell
Bank deposits 2.43m NOK → 324.1k NOK (-86.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 191.16× → 0.56× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -19.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.43m NOK → 324.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 1.08m NOK → 980.9k NOK (-9.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 204.0k NOK → 136.0k NOK. Reported fact