AGROQUIP AS: årsregnskap 2016 vs 2015
Grew 386% on revenue, slipped into loss, cash halved-plus
approved 2017-06-26; registry 2017-07-08; journal 2017 629676
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGROQUIP AS. Revenue 3.31m NOK → 16.09m NOK (+386.4%). Net result +664.6k NOK → -458.4k NOK. Equity 684.0k NOK → 225.6k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGROQUIP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.31m NOK to 16.09m NOK (+386.4% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 664.6k NOK profit to a loss of 458.4k NOK. Calculated
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↓
Equity eroded
Book equity 684.0k NOK → 225.6k NOK (equity ratio 43.6% → 4.8%). Calculated
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↓
Cash fell
Bank deposits 669.0k NOK → 63.2k NOK (-90.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 209 NOK → 2.13m NOK (0% → 13% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2 040 NOK → 13.70m NOK (+671587.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 1 080 NOK. Reported fact