AGRODRIFT AS: årsregnskap 2011 vs 2010
Shrank 10% on revenue
approved 2012-10-03; registry 2012-10-10; journal 2012 801004
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AGRODRIFT AS. Revenue 2.03m NOK → 1.82m NOK (-10.0%). Equity 228.0k NOK → 66.0k NOK.
Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGRODRIFT AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.03m NOK to 1.82m NOK (-10.0% YoY). Calculated
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↓
Equity eroded
Book equity 228.0k NOK → 66.0k NOK (equity ratio 19.8% → 5.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 97.9k NOK → 5.15m NOK (5% → 283% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 42.4k NOK → 20.3k NOK. Reported fact