FirmaIQ
Org.nr 933 491 048 2016 → 2017 Year-over-year analysis

AGS BATTERISERVICE AS: årsregnskap 2017 vs 2016

Grew 22% on revenue, weaker earnings, cash halved-plus

approved 2018-08-24; registry 2018-09-06; journal 2018 922419

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AGS BATTERISERVICE AS. Revenue 5.32m NOK → 6.48m NOK (+21.8%). Net result +459.7k NOK → +70.5k NOK. Equity 1.49m NOK → 1.42m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGS BATTERISERVICE AS.

At a glance

Scorecard

Revenue
5.32m NOK 6.48m NOK
+21.8%
Operating result
+588.9k NOK +100.7k NOK
-82.9%
Net result
+459.7k NOK +70.5k NOK
-84.7%
Equity
1.49m NOK 1.42m NOK
-4.7%
Cash
884.6k NOK 396.9k NOK
-55.1%
Total assets
3.91m NOK 2.67m NOK
-31.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.32m NOK to 6.48m NOK (+21.8% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +588.9k NOK → +100.7k NOK (op. margin 11.1% → 1.6%). Calculated

  • ↓

    Net result weakened

    Net result +459.7k NOK → +70.5k NOK (net margin 8.6% → 1.1%). Calculated

  • ↓

    Equity eroded

    Book equity 1.49m NOK → 1.42m NOK (equity ratio 38.0% → 53.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 884.6k NOK → 396.9k NOK (-55.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 6.66m NOK → 6.95m NOK (125% → 107% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.31m NOK → 4.78m NOK (+44.6% YoY). Calculated