AGRO TRADERS AS: årsregnskap 2010 vs 2009
Grew 2461% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AGRO TRADERS AS. Revenue 557.4k NOK → 14.28m NOK (+2460.9%). Equity 850.4k NOK → 64.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; 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 557.4k NOK to 14.28m NOK (+2460.9% YoY). Calculated
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Operating result improved
Operating result +106.4k NOK → +426.4k NOK (op. margin 19.1% → 3.0%). Calculated
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Cash rose
Bank deposits 573.0k NOK → 738.0k NOK (+28.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 400 NOK → 400.0k NOK (+399.6k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 850.4k NOK → 64.0k NOK. Calculated
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Current ratio dropped below 1×
Current ratio 13.51× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 0 NOK → 4.26m NOK (0% → 30% of revenue). Calculated
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COGS moved
COGS / varekostnad 453.0k NOK → 11.88m NOK (+2522.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 36.9k NOK. Reported fact