AGRAF AS: årsregnskap 2011 vs 2010
Shrank 77% on revenue, slipped into loss
approved 2012-06-30; registry 2012-08-30; journal 2012 675611
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AGRAF AS. Revenue 36.76m NOK → 8.53m NOK (-76.8%). Net result +3.92m NOK → -2.01m NOK. Equity 733.3k NOK → 1.73m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; fell into a net loss; payroll up without matching revenue.
Also worth watching: cogs fell; 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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↑
Equity strengthened
Book equity 733.3k NOK → 1.73m NOK (equity ratio 6.5% → 71.8%). Calculated
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↑
Cash rose
Bank deposits 638.7k NOK → 711.4k NOK (+11.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 36.76m NOK to 8.53m NOK (-76.8% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 3.92m NOK profit to a loss of 2.01m NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 530.8k NOK → 538.7k NOK (1% → 6% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 25.58m NOK → 8.77m NOK (-65.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 451.0k NOK → 251.1k NOK. Reported fact