AGRO & MILJØ AS: årsregnskap 2010 vs 2009
Shrank 22% on revenue, weaker earnings
approved 2011-04-19; registry 2011-05-11; journal 2011 359173
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AGRO & MILJØ AS. Revenue 3.92m NOK → 3.06m NOK (-21.9%). Net result +88.3k NOK → +6 733 NOK. Equity 626.1k NOK → 632.9k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRO & MILJØ AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 626.1k NOK → 632.9k NOK (equity ratio 47.4% → 59.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.03× → 1.98×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.92m NOK to 3.06m NOK (-21.9% YoY). Calculated
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↓
Operating result weakened
Operating result +120.7k NOK → +6 335 NOK (op. margin 3.1% → 0.2%). Calculated
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↓
Net result weakened
Net result +88.3k NOK → +6 733 NOK (net margin 2.3% → 0.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 399.9k NOK → 420.7k NOK (10% → 14% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.66m NOK → 810.2k NOK (-51.1% YoY). Calculated