AGRO EAST AS: årsregnskap 2008 vs 2007
Slipped into loss
approved 2009-06-23; registry 2009-09-02
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGRO EAST AS. Net result +165.4k NOK → -254.8k NOK. Equity 373.6k NOK → 118.8k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRO EAST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -62.8k NOK → -36.7k NOK. Calculated
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↑
Cash rose
Bank deposits 1.34m NOK → 1.42m NOK (+6.0% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 165.4k NOK profit to a loss of 254.8k NOK. Calculated
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↓
Equity eroded
Book equity 373.6k NOK → 118.8k NOK (equity ratio 14.2% → 5.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation