AGS HOLDING AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-04-04; registry 2018-06-27; journal 2018 567560
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGS HOLDING AS. Revenue 0 NOK → 75.0k NOK. Net result +1.54m NOK → +14.04m NOK. Equity 21.82m NOK → 30.93m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGS HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 75.0k NOK. Calculated
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↑
Net result improved
Net result +1.54m NOK → +14.04m NOK. Calculated
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↑
Equity strengthened
Book equity 21.82m NOK → 30.93m NOK (equity ratio 40.0% → 70.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -152.0k NOK → -558.4k NOK. Calculated
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↓
Cash fell
Bank deposits 3.35m NOK → 136.9k NOK (-95.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.35m NOK → 136.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 9.75m NOK → 10.25m NOK. Reported fact