AGIL CONSULTING AS: årsregnskap 2003 vs 2002
Shrank 95% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGIL CONSULTING AS. Revenue 306.5k NOK → 14.8k NOK (-95.2%). Net result -295.6k NOK → +181.2k NOK. Equity 195.2k NOK → -14.0k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGIL CONSULTING AS.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 295.6k NOK to a profit of 181.2k NOK. Calculated
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Payroll decreased
Salary cost 173.1k NOK → 173 NOK (56% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 306.5k NOK to 14.8k NOK (-95.2% YoY). Calculated
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Operating result weakened
Operating result +36.5k NOK → -2 906 NOK (op. margin 11.9% → -19.6%). Calculated
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↓
Equity eroded
Book equity 195.2k NOK → -14.0k NOK (equity ratio 103.4% → -3.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation