AGRIMANN NORGE AS: årsregnskap 2008 vs 2007
Shrank 81% on revenue
approved 2009-06-30; registry 2009-09-02
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGRIMANN NORGE AS. Revenue 147.3k NOK → 28.4k NOK (-80.8%). Net result +68.5k NOK → +63.2k NOK. Equity 88.9k NOK → 25.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGRIMANN NORGE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 316.5k NOK → 386.7k NOK (+22.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 147.3k NOK to 28.4k NOK (-80.8% YoY). Calculated
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↓
Operating result weakened
Operating result +33.4k NOK → +22.1k NOK (op. margin 22.7% → 77.8%). Calculated
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↓
Net result weakened
Net result +68.5k NOK → +63.2k NOK (net margin 46.5% → 222.9%). Calculated
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↓
Equity eroded
Book equity 88.9k NOK → 25.7k NOK (equity ratio 4.8% → 1.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 103.7k NOK → 9 047 NOK (-91.3% YoY). Calculated