AGETO AS: årsregnskap 2010 vs 2009
Shrank 32% on revenue, stronger earnings, cash halved-plus
approved 2011-04-18; registry 2011-05-02; journal 2011 349808
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AGETO AS. Revenue 696.6k NOK → 470.6k NOK (-32.4%). Net result +16.7k NOK → +237.1k NOK. Equity -15.7k NOK → -252.7k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGETO AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +16.7k NOK → +237.1k NOK (net margin 2.4% → 50.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 696.6k NOK to 470.6k NOK (-32.4% YoY). Calculated
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↓
Operating result weakened
Operating result +337.7k NOK → +45.3k NOK (op. margin 48.5% → 9.6%). Calculated
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↓
Equity eroded
Book equity -15.7k NOK → -252.7k NOK (equity ratio -0.2% → -3.7%). Calculated
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↓
Cash fell
Bank deposits 172.4k NOK → 57.7k NOK (-66.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation