AGENDEC AS: årsregnskap 2012 vs 2011
Grew 590% on revenue
approved 2013-06-26; registry 2013-06-29; journal 2013 506995
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AGENDEC AS. Revenue 458.0k NOK → 3.16m NOK (+590.1%). Equity 273.2k NOK → -148.4k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; 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 458.0k NOK to 3.16m NOK (+590.1% YoY). Calculated
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↑
Cash rose
Bank deposits 80.4k NOK → 91.3k NOK (+13.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 1.66×. Calculated
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↑
Payroll decreased
Salary cost 2.60m NOK → 2.42m NOK (568% → 77% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 273.2k NOK → -148.4k NOK (equity ratio 25.4% → -14.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -14.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 262.9k NOK → 319.5k NOK (+21.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 88.0k NOK → 100.0k NOK. Reported fact