AGROPACK SCANDINAVIA AS: årsregnskap 2017 vs 2016
Shrank 58% on revenue, slipped into loss
approved 2018-06-15; registry 2018-06-27; journal 2018 584212
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGROPACK SCANDINAVIA AS. Revenue 244.6k NOK → 103.3k NOK (-57.7%). Net result +88.7k NOK → -296.2k NOK. Equity 6.63m NOK → 332.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGROPACK SCANDINAVIA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 17.9k NOK → 25.0k NOK (+39.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 244.6k NOK to 103.3k NOK (-57.7% YoY). Calculated
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↓
Operating result weakened
Operating result +124.3k NOK → +61.0k NOK (op. margin 50.8% → 59.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 88.7k NOK profit to a loss of 296.2k NOK. Calculated
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↓
Equity eroded
Book equity 6.63m NOK → 332.9k NOK (equity ratio 898.3% → 82.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.62m NOK → 377.6k NOK. Reported fact