AGRITRANS AS: årsregnskap 2017 vs 2016
Shrank 77% on revenue, slipped into loss, cash halved-plus
approved 2018-03-14; registry 2018-05-26; journal 2018 358132
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGRITRANS AS. Revenue 475.2k NOK → 110.1k NOK (-76.8%). Net result +35.0k NOK → -34.6k NOK. Equity 90.3k NOK → 55.7k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRITRANS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 475.2k NOK to 110.1k NOK (-76.8% YoY). Calculated
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Operating result weakened
Operating result +46.4k NOK → -34.4k NOK (op. margin 9.8% → -31.3%). Calculated
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Fell into a net loss
Net result flipped from 35.0k NOK profit to a loss of 34.6k NOK. Calculated
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Equity eroded
Book equity 90.3k NOK → 55.7k NOK (equity ratio 28.9% → 97.0%). Calculated
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Cash fell
Bank deposits 197.3k NOK → 27.4k NOK (-86.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 325.0k NOK → 88.9k NOK (-72.7% YoY). Calculated