AGENDEC AS: årsregnskap 2007 vs 2006
Weaker earnings
approved 2008-06-23; registry 2008-07-07
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AGENDEC AS. Revenue 3.10m NOK → 3.01m NOK (-2.7%). Net result +391.3k NOK → +203.9k NOK. Equity 959.2k NOK → 163.2k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGENDEC AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.41× → 2.12×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.10m NOK to 3.01m NOK (-2.7% YoY). Calculated
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↓
Operating result weakened
Operating result +289.0k NOK → +28.6k NOK (op. margin 9.3% → 1.0%). Calculated
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↓
Net result weakened
Net result +391.3k NOK → +203.9k NOK (net margin 12.6% → 6.8%). Calculated
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↓
Equity eroded
Book equity 959.2k NOK → 163.2k NOK (equity ratio 59.6% → 9.3%). Calculated
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↓
COGS moved
COGS / varekostnad 187.0k NOK → 208.3k NOK (+11.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation