AGRAF AS: årsregnskap 2008 vs 2007
Grew 598% on revenue, stronger earnings, cash halved-plus
approved 2009-06-10; registry 2009-09-02
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGRAF AS. Revenue 1.66m NOK → 11.63m NOK (+598.4%). Net result +13 NOK → +465.1k NOK. Equity 153.6k NOK → 478.8k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AGRAF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.66m NOK to 11.63m NOK (+598.4% YoY). Calculated
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↑
Net result improved
Net result +13 NOK → +465.1k NOK (net margin 0.0% → 4.0%). Calculated
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↑
Equity strengthened
Book equity 153.6k NOK → 478.8k NOK (equity ratio 5.3% → 45.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.54m NOK → 297.1k NOK (-80.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.54m NOK → 297.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 745.3k NOK → 455.4k NOK (-38.9% YoY). Calculated