AGRODRIFT AS: årsregnskap 2007 vs 2006
Shrank 50% on revenue, stronger earnings
approved 2008-07-24; registry 2008-08-20
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AGRODRIFT AS. Revenue 801.0k NOK → 402.3k NOK (-49.8%). Net result +576 NOK → +12.2k NOK. Equity -22.9k NOK → 215.6k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRODRIFT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +576 NOK → +12.2k NOK (net margin 0.1% → 3.0%). Calculated
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↑
Equity strengthened
Book equity -22.9k NOK → 215.6k NOK (equity ratio -5.3% → 12.3%). Calculated
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↑
Cash rose
Bank deposits 46.8k NOK → 257.4k NOK (+449.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.55× → 1.01×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 801.0k NOK to 402.3k NOK (-49.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 006 NOK → 44.2k NOK (0% → 11% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 220.4k NOK → 188.3k NOK (-14.6% YoY). Calculated