AGNAR AS: årsregnskap 2008 vs 2007
Grew 102% on revenue, cash halved-plus
approved 2009-06-30; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGNAR AS. Revenue 170.6k NOK → 344.1k NOK (+101.7%). Equity 5.06m NOK → 3.17m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for AGNAR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 170.6k NOK to 344.1k NOK (+101.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +617.4k NOK → +121.0k NOK (op. margin 362.0% → 35.2%). Calculated
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↓
Equity eroded
Book equity 5.06m NOK → 3.17m NOK (equity ratio 76.8% → 75.2%). Calculated
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↓
Cash fell
Bank deposits 6.70m NOK → 62.4k NOK (-99.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.70m NOK → 62.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 365.9k NOK → 993.3k NOK (215% → 289% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 2.00m NOK → 2 NOK. Reported fact