AGRO IMPORT AS: årsregnskap 2017 vs 2016
Grew 29% on revenue, slipped into loss, cash halved-plus
approved 2018-02-28; registry 2018-03-05; journal 2018 221300
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGRO IMPORT AS. Revenue 643.2k NOK → 831.6k NOK (+29.3%). Net result +118.5k NOK → -249.1k NOK. Equity 148.5k NOK → -100.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGRO IMPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 643.2k NOK to 831.6k NOK (+29.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +158.0k NOK → -249.6k NOK (op. margin 24.6% → -30.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 118.5k NOK profit to a loss of 249.1k NOK. Calculated
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↓
Equity eroded
Book equity 148.5k NOK → -100.6k NOK (equity ratio 36.3% → -4141.3%). Calculated
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↓
Cash fell
Bank deposits 281.7k NOK → 1 682 NOK (-99.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.57× → 0.02× — 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 -4141.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 85.2k NOK → 1.24m NOK (13% → 149% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 314.4k NOK → 638.3k NOK (+103.0% YoY). Calculated