AGENDEC AS: årsregnskap 2006 vs 2005
Grew 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AGENDEC AS. Revenue 2.92m NOK → 3.10m NOK (+6.0%). Net result +301.4k NOK → +391.3k NOK. Equity 567.9k NOK → 959.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGENDEC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.92m NOK to 3.10m NOK (+6.0% YoY). Calculated
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Operating result improved
Operating result +233.5k NOK → +289.0k NOK (op. margin 8.0% → 9.3%). Calculated
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Net result improved
Net result +301.4k NOK → +391.3k NOK (net margin 10.3% → 12.6%). Calculated
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Equity strengthened
Book equity 567.9k NOK → 959.2k NOK (equity ratio 569.9% → 59.6%). Calculated
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Payroll decreased
Salary cost 1.65m NOK → 3 NOK (57% → 0% of revenue). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.56× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 259.3k NOK → 187.0k NOK (-27.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 93.0k NOK → 88.0k NOK. Reported fact