AGNEFESTVEIEN AS: årsregnskap 2009 vs 2008
Grew 647% on revenue, weaker earnings
approved 2011-05-13; registry 2011-07-02; journal 2011 465920
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AGNEFESTVEIEN AS. Revenue 30.0k NOK → 224.0k NOK (+646.7%). Net result +224.00bn NOK → +2 009 NOK. Equity 601.7k NOK → 536.8k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGNEFESTVEIEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 30.0k NOK to 224.0k NOK (+646.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.03× → 27.85×. Calculated
What deteriorated
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↓
Net result weakened
Net result +224.00bn NOK → +2 009 NOK (net margin 746668826.1% → 0.9%). Calculated
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↓
Equity eroded
Book equity 601.7k NOK → 536.8k NOK (equity ratio 8710.7% → 5.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.01m NOK → 708.3k NOK. Reported fact