Agrinor AS: årsregnskap 2009 vs 2008
Shrank 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for Agrinor AS. Revenue 1.30m NOK → 1.21m NOK (-7.0%). Net result +248.4k NOK → +378.9k NOK. Equity 2.15m NOK → 2.53m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for Agrinor AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +592.7k NOK → +634.5k NOK (op. margin 45.6% → 52.5%). Calculated
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↑
Net result improved
Net result +248.4k NOK → +378.9k NOK (net margin 19.1% → 31.4%). Calculated
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↑
Equity strengthened
Book equity 2.15m NOK → 2.53m NOK (equity ratio 29.5% → 25.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.83× → 1.12×. Calculated
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Payroll decreased
Salary cost 187.9k NOK → 187 NOK (14% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.30m NOK to 1.21m NOK (-7.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 2.86m NOK. Reported fact