AGRONORD LØK AS: årsregnskap 2016 vs 2015
Grew 104301% on revenue, slipped into loss, cash halved-plus
approved 2017-06-30; registry 2017-07-26; journal 2017 769197
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGRONORD LØK AS. Revenue 300 NOK → 313.2k NOK (+104301.3%). Net result +282.4k NOK → -144.5k NOK. Equity -490.5k NOK → -634.9k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRONORD LØK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 300 NOK to 313.2k NOK (+104301.3% YoY). Calculated
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Operating result improved
Operating result -54.9k NOK → +7 077 NOK (op. margin -18315.7% → 2.3%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 282.4k NOK profit to a loss of 144.5k NOK. Calculated
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↓
Equity eroded
Book equity -490.5k NOK → -634.9k NOK (equity ratio -12.9% → -20.9%). Calculated
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↓
Cash fell
Bank deposits 211.5k NOK → 17.4k NOK (-91.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 42.67× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -20.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation