AGRONOMEN AS: årsregnskap 2018 vs 2017
Mixed movements in the accounts
approved 2019-05-20; registry 2019-06-12; journal 2019 411516
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGRONOMEN AS. Equity 8 028 NOK → -7 846 NOK.
On the constructive side: operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRONOMEN AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -16.4k NOK → -15.9k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 8 028 NOK → -7 846 NOK (equity ratio 59.0% → -101.6%). Calculated
-
↓
Cash fell
Bank deposits 13.6k NOK → 7 724 NOK (-43.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.44× → 0.50× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -101.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation