AGRONOR AS: årsregnskap 2002 vs 2001
Grew 142% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AGRONOR AS. Revenue 485.6k NOK → 1.17m NOK (+141.7%). Net result +230.8k NOK → +29.8k NOK. Equity 401.1k NOK → 430.9k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRONOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 485.6k NOK to 1.17m NOK (+141.7% YoY). Calculated
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Equity strengthened
Book equity 401.1k NOK → 430.9k NOK (equity ratio 285.8% → 43.9%). Calculated
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Current ratio back above 1×
Current ratio 0.19× → 1.78×. Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
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Payroll decreased
Salary cost 62.9k NOK → 2 NOK (13% → 0% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +1.49m NOK → +9 423 NOK (op. margin 305.9% → 0.8%). Calculated
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Net result weakened
Net result +230.8k NOK → +29.8k NOK (net margin 47.5% → 2.5%). Calculated
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Cash fell
Bank deposits 796.3k NOK → 644.8k NOK (-19.0% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 718.8k NOK → 487.2k NOK (-32.2% YoY). Calculated