AGRIMANN NORGE AS: årsregnskap 2007 vs 2006
Shrank 27% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AGRIMANN NORGE AS. Revenue 202.1k NOK → 147.3k NOK (-27.1%). Net result +20.4k NOK → +68.5k NOK. Equity 157.4k NOK → 88.9k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRIMANN NORGE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +6 106 NOK → +33.4k NOK (op. margin 3.0% → 22.7%). Calculated
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Net result improved
Net result +20.4k NOK → +68.5k NOK (net margin 10.1% → 46.5%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 202.1k NOK to 147.3k NOK (-27.1% YoY). Calculated
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↓
Equity eroded
Book equity 157.4k NOK → 88.9k NOK (equity ratio 8.3% → 4.8%). Calculated
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Current ratio dropped below 1×
Current ratio 1.09× → 0.31× — 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 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation