AGROTECH PRODUCTION AS: årsregnskap 2018 vs 2017
Grew 114% on revenue, cash halved-plus
approved 2019-05-24; registry 2019-06-27; journal 2019 540340
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGROTECH PRODUCTION AS. Revenue 30.62m NOK → 65.55m NOK (+114.1%). Equity 1.67m NOK → 13.74m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGROTECH PRODUCTION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 30.62m NOK to 65.55m NOK (+114.1% YoY). Calculated
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↑
Equity strengthened
Book equity 1.67m NOK → 13.74m NOK (equity ratio 18.8% → 159.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.85m NOK → 1.28m NOK (-66.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.85m NOK → 1.28m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 28.83m NOK → 61.41m NOK (+113.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 258 NOK → 7 001 NOK. Reported fact