AGROSENTERET AS: årsregnskap 2014 vs 2013
Weaker earnings, cash halved-plus
approved 2015-06-29; registry 2015-07-22; journal 2015 629969
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AGROSENTERET AS. Revenue 37.79m NOK → 36.40m NOK (-3.7%). Net result -105.2k NOK → -378.5k NOK. Equity 865.7k NOK → 487.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. 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 4.65m NOK → 3.86m NOK (12% → 11% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 37.79m NOK to 36.40m NOK (-3.7% YoY). Calculated
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↓
Net result weakened
Net result -105.2k NOK → -378.5k NOK (net margin -0.3% → -1.0%). Calculated
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↓
Equity eroded
Book equity 865.7k NOK → 487.2k NOK (equity ratio 7.4% → 4.6%). Calculated
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↓
Cash fell
Bank deposits 1.98m NOK → 366.9k NOK (-81.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.98m NOK → 366.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 30.31m NOK → 30.18m NOK (-0.4% YoY). Calculated