AGRO EIGEDOM AS: årsregnskap 2009 vs 2008
Stronger earnings
approved 2010-04-30; registry 2010-09-02; journal 2010 683578
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AGRO EIGEDOM AS. Revenue 666.6k NOK → 667.3k NOK (+0.1%). Net result +130.6k NOK → +208.7k NOK. Equity 890.9k NOK → 99.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AGRO EIGEDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 666.6k NOK to 667.3k NOK (+0.1% YoY). Calculated
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↑
Operating result improved
Operating result +432.2k NOK → +435.4k NOK (op. margin 64.8% → 65.2%). Calculated
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↑
Net result improved
Net result +130.6k NOK → +208.7k NOK (net margin 19.6% → 31.3%). Calculated
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↑
Cash rose
Bank deposits 146.9k NOK → 196.4k NOK (+33.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.78× → 1.15×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 890.9k NOK → 99.6k NOK (equity ratio 21.2% → 2.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 564 NOK → 548.6k NOK (0% → 82% of revenue). Calculated