AGRON CORPORATE AS: årsregnskap 2015 vs 2014
Grew 61% on revenue, returned to profit, cash halved-plus
approved 2016-06-18; registry 2016-06-28; journal 2016 586366
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AGRON CORPORATE AS. Revenue 47.3k NOK → 76.2k NOK (+61.0%). Net result -114.0k NOK → +9 897 NOK. Equity -904.2k NOK → -894.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRON CORPORATE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 47.3k NOK to 76.2k NOK (+61.0% YoY). Calculated
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Operating result improved
Operating result -115.6k NOK → +9 563 NOK (op. margin -244.2% → 12.5%). Calculated
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Turned profitable
Net result flipped from a loss of 114.0k NOK to a profit of 9 897 NOK. Calculated
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Equity strengthened
Book equity -904.2k NOK → -894.3k NOK (equity ratio -183.2% → -357.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 297.2k NOK → 102.3k NOK (-65.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -357.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation