AGENDEC AS: årsregnskap 2009 vs 2008
Grew 18% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AGENDEC AS. Revenue 2.67m NOK → 3.15m NOK (+18.1%). Net result +315.1k NOK → +112.8k NOK. Equity 848.1k NOK → 960.8k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: cogs moved. 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 2.67m NOK to 3.15m NOK (+18.1% YoY). Calculated
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↑
Equity strengthened
Book equity 848.1k NOK → 960.8k NOK (equity ratio 53.2% → 62.2%). Calculated
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↑
Cash rose
Bank deposits 629.8k NOK → 842.1k NOK (+33.7% YoY). Calculated
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Payroll decreased
Salary cost 1845.03bn NOK → 2 NOK (69114946% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +445.0k NOK → +142.8k NOK (op. margin 16.7% → 4.5%). Calculated
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↓
Net result weakened
Net result +315.1k NOK → +112.8k NOK (net margin 11.8% → 3.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 203.0k NOK → 255.1k NOK (+25.6% YoY). Calculated