AGRO INVEST AS: årsregnskap 2018 vs 2017
Shrank 43% on revenue, cash halved-plus
approved 2019-06-27; registry 2019-07-10; journal 2019 679297
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGRO INVEST AS. Revenue 241.3k NOK → 138.4k NOK (-42.7%). Equity 6.10m NOK → 5.85m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; 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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↑
Payroll decreased
Salary cost 91.3k NOK → 57.0k NOK (38% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 241.3k NOK to 138.4k NOK (-42.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +90.2k NOK → -6 677 NOK (op. margin 37.4% → -4.8%). Calculated
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↓
Equity eroded
Book equity 6.10m NOK → 5.85m NOK (equity ratio 98.1% → 99.5%). Calculated
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↓
Cash fell
Bank deposits 227.1k NOK → 58.3k NOK (-74.3% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 327.0k NOK → 156.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 5.52m NOK → 522.2k NOK. Reported fact