Org.nr 938 806 888 2009 → 2010 Year-over-year analysis

AGENDEC AS: årsregnskap 2010 vs 2009

Mixed movements in the accounts

approved 2011-05-02; registry 2011-07-21; journal 2011 531962

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for AGENDEC AS. Revenue 3.15m NOK → 3.01m NOK (-4.4%). Equity 960.8k NOK → 665.0k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGENDEC AS.

At a glance

Revenue

3.15m NOK 3.01m NOK

-4.4%

Operating result

+142.8k NOK n/m

—

Net result

+112.8k NOK n/m

—

Equity

960.8k NOK 665.0k NOK

-30.8%

Cash

842.1k NOK 459.9k NOK

-45.4%

Total assets

1.54m NOK 1.21m NOK

-21.5%

↓
Revenue fell

Operating income / revenue moved from 3.15m NOK to 3.01m NOK (-4.4% YoY). Calculated
↓
Equity eroded

Book equity 960.8k NOK → 665.0k NOK (equity ratio 62.2% → 54.8%). Calculated
↓
Cash fell

Bank deposits 842.1k NOK → 459.9k NOK (-45.4% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 2 NOK → 2.38m NOK (0% → 79% of revenue). Calculated

·
COGS fell

COGS / varekostnad 255.1k NOK → 179.1k NOK (-29.8% YoY). Calculated