FirmaIQ
Org.nr 952 169 483 2016 → 2017 Year-over-year analysis

AGS IT-PARTNER AS: årsregnskap 2017 vs 2016

Grew 13% on revenue, weaker earnings

approved 2018-05-14; registry 2018-06-20; journal 2018 514221

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AGS IT-PARTNER AS. Revenue 35.08m NOK → 39.68m NOK (+13.1%). Net result +1.26m NOK → +528.5k NOK. Equity 7.89m NOK → 8.87m NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.

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

At a glance

Scorecard

Revenue
35.08m NOK 39.68m NOK
+13.1%
Operating result
+1.08m NOK +175.8k NOK
-83.8%
Net result
+1.26m NOK +528.5k NOK
-58.2%
Equity
7.89m NOK 8.87m NOK
+12.5%
Cash
4.33m NOK 3.14m NOK
-27.4%
Total assets
17.98m NOK 16.42m NOK
-8.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 35.08m NOK to 39.68m NOK (+13.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 7.89m NOK → 8.87m NOK (equity ratio 43.9% → 54.1%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.90m NOK → 3.35m NOK (+454.9k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.08m NOK → +175.8k NOK (op. margin 3.1% → 0.4%). Calculated

  • ↓

    Net result weakened

    Net result +1.26m NOK → +528.5k NOK (net margin 3.6% → 1.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.33m NOK → 3.14m NOK (-27.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 10.16m NOK → 11.42m NOK (29% → 29% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 20.61m NOK → 24.33m NOK (+18.1% YoY). Calculated