AGRO ØRE-NESE-HALSKLINIKK AS: årsregnskap 2018 vs 2017
Grew 5% on revenue, stronger earnings, cash halved-plus
approved 2019-06-20; registry 2019-07-03; journal 2019 592289
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGRO ØRE-NESE-HALSKLINIKK AS. Revenue 6.01m NOK → 6.34m NOK (+5.4%). Net result -80.4k NOK → -25.6k NOK. Equity 746.6k NOK → 721.0k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGRO ØRE-NESE-HALSKLINIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.01m NOK to 6.34m NOK (+5.4% YoY). Calculated
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↑
Net result improved
Net result -80.4k NOK → -25.6k NOK (net margin -1.3% → -0.4%). Calculated
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↑
Payroll decreased
Salary cost 3.72m NOK → 2.68m NOK (62% → 42% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 746.6k NOK → 721.0k NOK (equity ratio 54.7% → 42.3%). Calculated
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↓
Cash fell
Bank deposits 615.5k NOK → 148.3k NOK (-75.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.59× → 0.34× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 502.3k NOK → 2.11m NOK (+320.4% YoY). Calculated