AGRO TRADERS AS: årsregnskap 2004 vs 2003
Grew 1169% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGRO TRADERS AS. Revenue 188.8k NOK → 2.40m NOK (+1169.4%). Net result +276.8k NOK → +171.4k NOK. Equity 132.8k NOK → 404.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGRO TRADERS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 188.8k NOK to 2.40m NOK (+1169.4% YoY). Calculated
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↑
Equity strengthened
Book equity 132.8k NOK → 404.2k NOK (equity ratio 13.3% → 288.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +376.2k NOK → +249.7k NOK (op. margin 199.3% → 10.4%). Calculated
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↓
Net result weakened
Net result +276.8k NOK → +171.4k NOK (net margin 146.7% → 7.2%). Calculated
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↓
Cash fell
Bank deposits 723.1k NOK → 555.4k NOK (-23.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.14× → 0.42× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 699.2k NOK → 2.01m NOK (+187.3% YoY). Calculated