AGROTRADE AS: årsregnskap 2017 vs 2016
Shrank 70% on revenue, stronger earnings
approved 2018-06-30; registry 2018-07-09; journal 2018 651494
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGROTRADE AS. Revenue 1.17m NOK → 344.9k NOK (-70.4%). Net result +98.7k NOK → +233.7k NOK. Equity 945.2k NOK → 1 178 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGROTRADE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +135.5k NOK → +310.6k NOK (op. margin 11.6% → 90.0%). Calculated
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Net result improved
Net result +98.7k NOK → +233.7k NOK (net margin 8.5% → 67.8%). Calculated
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Cash rose
Bank deposits 75.2k NOK → 320.0k NOK (+325.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.17m NOK to 344.9k NOK (-70.4% YoY). Calculated
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↓
Equity eroded
Book equity 945.2k NOK → 1 178 NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.64× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 605.3k NOK → 551.6k NOK (-8.9% YoY). Calculated