AGROQUIP AS: årsregnskap 2017 vs 2016
Shrank 12% on revenue, returned to profit
approved 2018-06-30; registry 2018-07-21; journal 2018 737555
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGROQUIP AS. Revenue 16.09m NOK → 14.12m NOK (-12.2%). Net result -458.4k NOK → +16.2k NOK. Equity 225.6k NOK → 241.8k NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGROQUIP AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 458.4k NOK to a profit of 16.2k NOK. Calculated
-
↑
Equity strengthened
Book equity 225.6k NOK → 241.8k NOK (equity ratio 4.8% → 4.9%). Calculated
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↑
Payroll decreased
Salary cost 2.13m NOK → 1.98m NOK (13% → 14% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 16.09m NOK to 14.12m NOK (-12.2% YoY). Calculated
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↓
Cash fell
Bank deposits 63.2k NOK → 48.8k NOK (-22.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.82× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 13.70m NOK → 11.07m NOK (-19.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 080 NOK → 1.15m NOK. Reported fact