AGNES COLE AS: årsregnskap 2008 vs 2007
Shrank 10% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGNES COLE AS. Revenue 537.4k NOK → 484.3k NOK (-9.9%). Net result +33.5k NOK → -52.9k NOK. Equity 80.2k NOK → 154 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AGNES COLE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 537.4k NOK to 484.3k NOK (-9.9% YoY). Calculated
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Operating result weakened
Operating result +37.6k NOK → -61.5k NOK (op. margin 7.0% → -12.7%). Calculated
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Fell into a net loss
Net result flipped from 33.5k NOK profit to a loss of 52.9k NOK. Calculated
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Equity eroded
Book equity 80.2k NOK → 154 NOK (equity ratio 26.3% → 0.1%). Calculated
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Current ratio dropped below 1×
Current ratio 1.30× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation