AGENDEC AS: årsregnskap 2003 vs 2002
Shrank 28% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGENDEC AS. Revenue 890.7k NOK → 642.8k NOK (-27.8%). Net result +57.1k NOK → +115.6k NOK. Equity 159.79m NOK → 128.4k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +59.3k NOK → +139.5k NOK (op. margin 6.7% → 21.7%). Calculated
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↑
Net result improved
Net result +57.1k NOK → +115.6k NOK (net margin 6.4% → 18.0%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 1.23×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 890.7k NOK to 642.8k NOK (-27.8% YoY). Calculated
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↓
Equity eroded
Book equity 159.79m NOK → 128.4k NOK (equity ratio 33116.1% → 18.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 566.5k NOK → 794.7k NOK (64% → 124% of revenue). Calculated