AGROVIN AS: årsregnskap 2018 vs 2017
Grew 14% on revenue, weaker earnings
approved 2019-06-20; registry 2019-07-17; journal 2019 729295
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGROVIN AS. Revenue 4.40m NOK → 5.00m NOK (+13.7%). Net result +524.8k NOK → +270.1k NOK. Equity 4.80m NOK → 5.07m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGROVIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.40m NOK to 5.00m NOK (+13.7% YoY). Calculated
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↑
Equity strengthened
Book equity 4.80m NOK → 5.07m NOK (equity ratio 64.5% → 69.7%). Calculated
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↑
Cash rose
Bank deposits 4 259 NOK → 5.78m NOK (+135612.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +650.1k NOK → +327.7k NOK (op. margin 14.8% → 6.6%). Calculated
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↓
Net result weakened
Net result +524.8k NOK → +270.1k NOK (net margin 11.9% → 5.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 292.0k NOK → 328.5k NOK (7% → 7% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 693.4k NOK → 805.0k NOK (+16.1% YoY). Calculated