AGRO INVEST AS: årsregnskap 2017 vs 2016
Grew 150% on revenue, weaker earnings
approved 2018-06-28; registry 2018-07-07; journal 2018 646950
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGRO INVEST AS. Revenue 96.7k NOK → 241.3k NOK (+149.6%). Net result +300.0k NOK → +590 NOK. Equity 6.67m NOK → 6.10m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AGRO INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 96.7k NOK to 241.3k NOK (+149.6% YoY). Calculated
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↑
Operating result improved
Operating result +14.5k NOK → +90.2k NOK (op. margin 15.0% → 37.4%). Calculated
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↑
Cash rose
Bank deposits 19.9k NOK → 227.1k NOK (+1041.4% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +300.0k NOK → +590 NOK (net margin 310.3% → 0.2%). Calculated
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↓
Equity eroded
Book equity 6.67m NOK → 6.10m NOK (equity ratio 95.5% → 98.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 9 998 NOK → 91.3k NOK (10% → 38% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1.21m NOK → 5.52m NOK. Reported fact