AGVA KRAFT AS: årsregnskap 2017 vs 2016
Grew 158% on revenue, returned to profit, cash halved-plus
approved 2018-06-30; registry 2018-09-24; journal 2018 926031
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGVA KRAFT AS. Revenue 46.34m NOK → 119.65m NOK (+158.2%). Net result -6.87m NOK → +2.28m NOK. Equity -6.56m NOK → -4.28m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGVA KRAFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 46.34m NOK to 119.65m NOK (+158.2% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 6.87m NOK to a profit of 2.28m NOK. Calculated
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↑
Equity strengthened
Book equity -6.56m NOK → -4.28m NOK (equity ratio -51.2% → -12.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 5.13m NOK → 585.7k NOK (-88.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.13m NOK → 585.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 868.2k NOK → 1.22m NOK (2% → 1% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 40.22m NOK → 94.44m NOK (+134.8% YoY). Calculated