AGRON CORPORATE AS: årsregnskap 2005 vs 2004
Grew 51% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AGRON CORPORATE AS. Revenue 128.9k NOK → 194.9k NOK (+51.2%). Net result -131.4k NOK → -202.7k NOK. Equity -548.9k NOK → -751.7k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AGRON CORPORATE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 128.9k NOK to 194.9k NOK (+51.2% YoY). Calculated
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Operating result improved
Operating result +88.3k NOK → +194.9k NOK (op. margin 68.5% → 100.0%). Calculated
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Cash rose
Bank deposits 25.2k NOK → 62.1k NOK (+146.3% YoY). Calculated
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Payroll decreased
Salary cost 80.4k NOK → 4 666 NOK (62% → 2% of revenue). Calculated
What deteriorated
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Net result weakened
Net result -131.4k NOK → -202.7k NOK (net margin -101.9% → -104.0%). Calculated
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Equity eroded
Book equity -548.9k NOK → -751.7k NOK (equity ratio -192.3% → -314.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -314.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 28.5k NOK → 251.7k NOK (+782.3% YoY). Calculated