Org.nr 992 621 648 2017 → 2018 Year-over-year analysis

AGS FORSIKRING AS: årsregnskap 2018 vs 2017

Grew 19% on revenue, cash halved-plus

approved 2019-06-30; registry 2019-09-23; journal 2019 936845

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AGS FORSIKRING AS. Revenue 4.63m NOK → 5.50m NOK (+18.9%). Equity 918.1k NOK → 272.8k NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

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

At a glance

Revenue

4.63m NOK 5.50m NOK

+18.9%

Net result

-287.2k NOK n/m

—

Equity

918.1k NOK 272.8k NOK

-70.3%

Cash

321.9k NOK 103.9k NOK

-67.7%

Total assets

1.61m NOK 2.54m NOK

+57.3%

↑
Revenue rose

Operating income / revenue moved from 4.63m NOK to 5.50m NOK (+18.9% YoY). Calculated

↓
Equity eroded

Book equity 918.1k NOK → 272.8k NOK (equity ratio 56.9% → 10.7%). Calculated
↓
Cash fell

Bank deposits 321.9k NOK → 103.9k NOK (-67.7% YoY). Calculated

·
Payroll increased

Salary cost 3.15m NOK → 3.20m NOK (68% → 58% of revenue). Calculated
·
Book investments changed

Investment / intangible book value 126.6k NOK → 110.0k NOK. Reported fact