AGF AS: årsregnskap 2009 vs 2008
Stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AGF AS. Net result +223 NOK → +32.5k NOK. Equity 774.3k NOK → 4 189 NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGF AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +489 NOK → +32.5k NOK. Calculated
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↑
Net result improved
Net result +223 NOK → +32.5k NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 439 NOK → 159.3k NOK (+158.9k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 774.3k NOK → 4 189 NOK (equity ratio 267912.1% → 2.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 59.5k NOK → 185 NOK. Reported fact