AGRAF AS: årsregnskap 2009 vs 2008
Grew 37% on revenue, weaker earnings
approved 2010-05-28; registry 2010-09-04; journal 2010 708936
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AGRAF AS. Revenue 11.63m NOK → 15.93m NOK (+37.0%). Net result +465.1k NOK → +28 NOK. Equity 478.8k NOK → 811.9k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs moved; book investments changed. 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 11.63m NOK to 15.93m NOK (+37.0% YoY). Calculated
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↑
Operating result improved
Operating result -392.4k NOK → +2068.32bn NOK (op. margin -3.4% → 12981713.0%). Calculated
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↑
Equity strengthened
Book equity 478.8k NOK → 811.9k NOK (equity ratio 45.4% → 30.0%). Calculated
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↑
Cash rose
Bank deposits 297.1k NOK → 785.6k NOK (+164.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 743.1k NOK → 720.5k NOK (6% → 5% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +465.1k NOK → +28 NOK (net margin 4.0% → 0.0%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 455.4k NOK → 11.13m NOK (+2344.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 378.0k NOK → 708.1k NOK. Reported fact