AGETO AS: årsregnskap 2011 vs 2010
Shrank 12% on revenue, stronger earnings
approved 2012-06-30; registry 2012-09-08; journal 2012 740662
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AGETO AS. Revenue 470.6k NOK → 414.8k NOK (-11.9%). Net result +237.1k NOK → +296.5k NOK. Equity -252.7k NOK → -549.2k 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
-
↑
Net result improved
Net result +237.1k NOK → +296.5k NOK (net margin 50.4% → 71.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 470.6k NOK to 414.8k NOK (-11.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +45.3k NOK → +33.7k NOK (op. margin 9.6% → 8.1%). Calculated
-
↓
Equity eroded
Book equity -252.7k NOK → -549.2k NOK (equity ratio -3.7% → -8.1%). Calculated
-
↓
Cash fell
Bank deposits 57.7k NOK → 43.8k NOK (-24.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation