AGRITRADE AS: årsregnskap 2016 vs 2015
Shrank 46% on revenue, stronger earnings
approved 2017-05-10; registry 2017-05-23; journal 2017 341543
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGRITRADE AS. Revenue 2.86m NOK → 1.55m NOK (-45.6%). Net result -765.7k NOK → -163.6k NOK. Equity -1.50m NOK → -1.67m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGRITRADE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -331.2k NOK → +248.6k NOK (op. margin -11.6% → 16.0%). Calculated
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↑
Net result improved
Net result -765.7k NOK → -163.6k NOK (net margin -26.8% → -10.5%). Calculated
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↑
Payroll decreased
Salary cost 445.9k NOK → 7 445 NOK (16% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.86m NOK to 1.55m NOK (-45.6% YoY). Calculated
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↓
Equity eroded
Book equity -1.50m NOK → -1.67m NOK (equity ratio -38.2% → -49.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -49.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.59m NOK → 1.27m NOK (-50.8% YoY). Calculated