AGROTRANS AS: årsregnskap 2018 vs 2017
Shrank 82% on revenue, slipped into loss, cash halved-plus
approved 2019-04-04; registry 2019-04-25; journal 2019 287759
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGROTRANS AS. Revenue 8.40m NOK → 1.53m NOK (-81.8%). Net result +601.4k NOK → -162.0k NOK. Equity 1 181 NOK → 1.02m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; fell into a net loss; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGROTRANS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1 181 NOK → 1.02m NOK (equity ratio 0.0% → 44.6%). Calculated
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↑
Payroll decreased
Salary cost 660.4k NOK → 2 678 NOK (8% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.40m NOK to 1.53m NOK (-81.8% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 601.4k NOK profit to a loss of 162.0k NOK. Calculated
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↓
Cash fell
Bank deposits 809.8k NOK → 193.1k NOK (-76.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.56m NOK → 1.49m NOK (-73.2% YoY). Calculated