AGENT KOMMUNIKASJON AS: årsregnskap 2003 vs 2002
Shrank 21% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGENT KOMMUNIKASJON AS. Revenue 4.19m NOK → 3.29m NOK (-21.5%). Net result +175.7k NOK → +51.9k NOK. Equity 136.3k NOK → 84.4k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGENT KOMMUNIKASJON AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -240.8k NOK → +63.2k NOK (op. margin -5.7% → 1.9%). Calculated
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Payroll decreased
Salary cost 1.84m NOK → 1.53m NOK (44% → 46% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.19m NOK to 3.29m NOK (-21.5% YoY). Calculated
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↓
Net result weakened
Net result +175.7k NOK → +51.9k NOK (net margin 4.2% → 1.6%). Calculated
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Equity eroded
Book equity 136.3k NOK → 84.4k NOK (equity ratio 22.9% → 9.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.95m NOK → 1.30m NOK (-33.3% YoY). Calculated