FirmaIQ
Org.nr 952 169 483 2015 → 2016 Year-over-year analysis

AGS IT-PARTNER AS: årsregnskap 2016 vs 2015

Shrank 38% on revenue, weaker earnings

approved 2017-05-26; registry 2017-06-15; journal 2017 455871

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AGS IT-PARTNER AS. Revenue 56.22m NOK → 35.08m NOK (-37.6%). Net result +3.29m NOK → +1.26m NOK. Equity 8.63m NOK → 7.89m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGS IT-PARTNER AS.

At a glance

Scorecard

Revenue
56.22m NOK 35.08m NOK
-37.6%
Operating result
n/m +1.08m NOK
—
Net result
+3.29m NOK +1.26m NOK
-61.6%
Equity
8.63m NOK 7.89m NOK
-8.5%
Cash
7.16m NOK 4.33m NOK
-39.6%
Total assets
17.21m NOK 17.98m NOK
+4.5%

What improved

  • ↑

    Payroll decreased

    Salary cost 14.33m NOK → 10.16m NOK (25% → 29% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 56.22m NOK to 35.08m NOK (-37.6% YoY). Calculated

  • ↓

    Net result weakened

    Net result +3.29m NOK → +1.26m NOK (net margin 5.9% → 3.6%). Calculated

  • ↓

    Equity eroded

    Book equity 8.63m NOK → 7.89m NOK (equity ratio 50.1% → 43.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.16m NOK → 4.33m NOK (-39.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 33.73m NOK → 20.61m NOK (-38.9% YoY). Calculated