Org.nr 987 549 432 2008 → 2009 Year-over-year analysis

AGNES UTVIKLING AS: årsregnskap 2009 vs 2008

Stronger earnings, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AGNES UTVIKLING AS. Net result -5.46m NOK → -789.6k NOK. Equity 11.76m NOK → 10.97m NOK.

On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGNES UTVIKLING AS.

At a glance

Revenue

2.82m NOK n/m

—

Operating result

-4.96m NOK +958.8k NOK

+119.3%

Net result

-5.46m NOK -789.6k NOK

+85.5%

Equity

11.76m NOK 10.97m NOK

-6.7%

Cash

4.71m NOK 1.35m NOK

-71.4%

Total assets

63.29m NOK 91.96m NOK

+45.3%

↑
Operating result improved

Operating result -4.96m NOK → +958.8k NOK. Calculated
↑
Net result improved

Net result -5.46m NOK → -789.6k NOK. Calculated
↑
Current ratio back above 1×

Current ratio 0.13× → 7.77×. Calculated

↓
Equity eroded

Book equity 11.76m NOK → 10.97m NOK (equity ratio 18.6% → 11.9%). Calculated
↓
Cash fell

Bank deposits 4.71m NOK → 1.35m NOK (-71.4% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (4.71m NOK → 1.35m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 115.0k NOK → 345 NOK. Reported fact