AGRODRIFT AS: årsregnskap 2008 vs 2007
Grew 266% on revenue, cash halved-plus
approved 2009-09-23; registry 2009-09-26
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGRODRIFT AS. Revenue 402.3k NOK → 1.47m NOK (+265.8%). Net result +12.2k NOK → +20.3k NOK. Equity 215.6k NOK → 235.8k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGRODRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 402.3k NOK to 1.47m NOK (+265.8% YoY). Calculated
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↑
Net result improved
Net result +12.2k NOK → +20.3k NOK (net margin 3.0% → 1.4%). Calculated
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↑
Equity strengthened
Book equity 215.6k NOK → 235.8k NOK (equity ratio 12.3% → 17.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +351.5k NOK → +114.4k NOK (op. margin 87.4% → 7.8%). Calculated
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↓
Cash fell
Bank deposits 257.4k NOK → 1 153 NOK (-99.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 44.2k NOK → 77.3k NOK (11% → 5% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 188.3k NOK → 346.4k NOK (+84.0% YoY). Calculated