AGROSENTERET AS: årsregnskap 2008 vs 2007
Shrank 16% on revenue, weaker earnings, cash halved-plus
approved 2009-09-10; registry 2009-09-21
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGROSENTERET AS. Revenue 32.96m NOK → 27.59m NOK (-16.3%). Net result -426.0k NOK → -558.2k NOK. Equity 525.0k NOK → -33.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGROSENTERET AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 4.02m NOK → 3.65m NOK (12% → 13% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 32.96m NOK to 27.59m NOK (-16.3% YoY). Calculated
-
↓
Net result weakened
Net result -426.0k NOK → -558.2k NOK (net margin -1.3% → -2.0%). Calculated
-
↓
Equity eroded
Book equity 525.0k NOK → -33.2k NOK (equity ratio 6.0% → -0.5%). Calculated
-
↓
Cash fell
Bank deposits 476.9k NOK → 15.8k NOK (-96.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 26.69m NOK → 21.87m NOK (-18.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 000 NOK → 43.6k NOK. Reported fact