FirmaIQ
Org.nr 992 621 648 2016 → 2017 Year-over-year analysis

AGS FORSIKRING AS: årsregnskap 2017 vs 2016

Shrank 15% on revenue, slipped into loss

approved 2018-06-30; registry 2018-07-09; journal 2018 643094

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AGS FORSIKRING AS. Revenue 5.46m NOK → 4.63m NOK (-15.3%). Net result +537.3k NOK → -287.2k NOK. Equity 1.21m NOK → 918.1k NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGS FORSIKRING AS.

At a glance

Scorecard

Revenue
5.46m NOK 4.63m NOK
-15.3%
Net result
+537.3k NOK -287.2k NOK
-153.5%
Equity
1.21m NOK 918.1k NOK
-23.8%
Cash
446.4k NOK 321.9k NOK
-27.9%
Total assets
2.00m NOK 1.61m NOK
-19.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.46m NOK to 4.63m NOK (-15.3% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 537.3k NOK profit to a loss of 287.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.21m NOK → 918.1k NOK (equity ratio 60.4% → 56.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 446.4k NOK → 321.9k NOK (-27.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.90m NOK → 3.15m NOK (53% → 68% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 73.6k NOK → 126.6k NOK. Reported fact