AGM AS: årsregnskap 2008 vs 2007
Mixed movements in the accounts
approved 2009-08-28; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGM AS. Equity 598.5k NOK → 1 190 NOK.
On the constructive side: current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGM AS.
At a glance
Scorecard
Operating result
n/m
-127.0k NOK
—
Net result
+460.5k NOK
n/m
—
Equity
598.5k NOK
1 190 NOK
-99.8%
Total assets
2.49m NOK
2.69m NOK
+8.0%
What improved
-
↑
Current ratio back above 1×
Current ratio 0.97× → 1.36×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 598.5k NOK → 1 190 NOK (equity ratio 24.0% → 0.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 647.8k NOK → 644.9k NOK. Reported fact