AGRIMANN NORGE AS: årsregnskap 2009 vs 2008
Shrank 58% on revenue, slipped into loss
approved 2010-06-30; registry 2010-08-30; journal 2010 662855
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AGRIMANN NORGE AS. Revenue 28.4k NOK → 11.9k NOK (-58.1%). Net result +63.2k NOK → -61.5k NOK. Equity 25.7k NOK → -35.8k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRIMANN NORGE AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 28.4k NOK to 11.9k NOK (-58.1% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 63.2k NOK profit to a loss of 61.5k NOK. Calculated
-
↓
Equity eroded
Book equity 25.7k NOK → -35.8k NOK (equity ratio 1.5% → -4.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation