AGROØST AS: årsregnskap 2018 vs 2017
Shrank 7% on revenue, weaker earnings
approved 2019-03-25; registry 2019-05-11; journal 2019 320311
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGROØST AS. Revenue 3.03m NOK → 2.82m NOK (-6.7%). Net result +300.6k NOK → +69.4k NOK. Equity -104.2k NOK → -34.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGROØST AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -104.2k NOK → -34.8k NOK (equity ratio -8.5% → -3.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.03m NOK to 2.82m NOK (-6.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +348.0k NOK → +108.5k NOK (op. margin 11.5% → 3.8%). Calculated
-
↓
Net result weakened
Net result +300.6k NOK → +69.4k NOK (net margin 9.9% → 2.5%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 666.7k NOK → 705.8k NOK (22% → 25% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.38m NOK → 455.8k NOK (-66.9% YoY). Calculated