AGROTRANS AS: årsregnskap 2016 vs 2015
Slipped into loss, cash halved-plus
approved 2017-04-20; registry 2017-07-10; journal 2017 638784
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGROTRANS AS. Revenue 12.37m NOK → 12.59m NOK (+1.8%). Net result +434.3k NOK → -575.8k NOK. Equity 1 155 NOK → 8.58m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for AGROTRANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.37m NOK to 12.59m NOK (+1.8% YoY). Calculated
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↑
Equity strengthened
Book equity 1 155 NOK → 8.58m NOK (equity ratio 0.0% → 128.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.82× → 2.24×. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 434.3k NOK profit to a loss of 575.8k NOK. Calculated
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↓
Cash fell
Bank deposits 1.92m NOK → 285.6k NOK (-85.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.92m NOK → 285.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 182.2k NOK → 1.01m NOK (1% → 8% of revenue). Calculated