AGS AS: årsregnskap 2018 vs 2017
Shrank 6% on revenue, slipped into loss
approved 2019-04-30; registry 2019-05-29; journal 2019 365608
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGS AS. Revenue 836.9k NOK → 784.0k NOK (-6.3%). Net result +8 797 NOK → -31.8k NOK. Equity 31.0k NOK → -837 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 5.60m NOK → 600.2k NOK (669% → 77% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 836.9k NOK to 784.0k NOK (-6.3% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 8 797 NOK profit to a loss of 31.8k NOK. Calculated
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↓
Equity eroded
Book equity 31.0k NOK → -837 NOK (equity ratio 16.2% → -0.6%). Calculated
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↓
Cash fell
Bank deposits 91.9k NOK → 85.1k NOK (-7.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.19× → 0.99× — 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 -0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation