AGROB BUCHTAL NORGE AS: årsregnskap 2017 vs 2016
Grew 76% on revenue, weaker earnings
approved 2018-05-25; registry 2018-06-05; journal 2018 409462
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGROB BUCHTAL NORGE AS. Revenue 3.97m NOK → 6.99m NOK (+76.0%). Net result +302.5k NOK → +238.4k NOK. Equity 869.9k NOK → 1 129 NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGROB BUCHTAL NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.97m NOK to 6.99m NOK (+76.0% YoY). Calculated
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↑
Cash rose
Bank deposits 1.66m NOK → 6.58m NOK (+295.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.38× → 2.30×. Calculated
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Payroll decreased
Salary cost 1.14m NOK → 3 NOK (29% → 0% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +302.5k NOK → +238.4k NOK (net margin 7.6% → 3.4%). Calculated
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↓
Equity eroded
Book equity 869.9k NOK → 1 129 NOK (equity ratio 30.7% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 723.3k NOK → 4.54m NOK (+527.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 26.4k NOK → 29.0k NOK. Reported fact