AGROTRADE AS: årsregnskap 2005 vs 2004
Returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AGROTRADE AS. Net result -101.0k NOK → +286.3k NOK. Equity 420.3k NOK → 134.0k NOK.
On the constructive side: turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGROTRADE AS.
At a glance
Scorecard
Revenue
n/m
0 NOK
—
Operating result
-37.9k NOK
n/m
—
Net result
-101.0k NOK
+286.3k NOK
+383.5%
Equity
420.3k NOK
134.0k NOK
-68.1%
Cash
61.3k NOK
n/m
—
Total assets
4.03m NOK
3.74m NOK
-7.2%
What improved
-
↑
Turned profitable
Net result flipped from a loss of 101.0k NOK to a profit of 286.3k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 420.3k NOK → 134.0k NOK (equity ratio 10.4% → 3.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 3.97m NOK → 3.31m NOK. Reported fact