AGROQUIP AS: årsregnskap 2018 vs 2017
Shrank 25% on revenue, slipped into loss
approved 2019-06-28; registry 2019-07-16; journal 2019 720368
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGROQUIP AS. Revenue 14.12m NOK → 10.53m NOK (-25.4%). Net result +16.2k NOK → -2.30m NOK. Equity 241.8k NOK → -2.06m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; 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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↑
Cash rose
Bank deposits 48.8k NOK → 67.8k NOK (+39.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.12m NOK to 10.53m NOK (-25.4% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 16.2k NOK profit to a loss of 2.30m NOK. Calculated
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↓
Equity eroded
Book equity 241.8k NOK → -2.06m NOK (equity ratio 4.9% → -100.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -100.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 11.07m NOK → 8.40m NOK (-24.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.15m NOK → 37.5k NOK. Reported fact