AGENS AS: årsregnskap 2008 vs 2007
Grew 38% on revenue, cash halved-plus
approved 2009-03-18; registry 2009-03-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGENS AS. Revenue 4.60m NOK → 6.34m NOK (+38.0%). Equity 411.8k NOK → 1 198 NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AGENS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.60m NOK to 6.34m NOK (+38.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 411.8k NOK → 1 198 NOK (equity ratio 28.8% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 715.1k NOK → 213.9k NOK (-70.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 13.92× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3.53m NOK → 4.11m NOK (77% → 65% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 42.7k NOK → 6 NOK (-100.0% YoY). Calculated