AGILE EXECUTIVE SEARCH AS: årsregnskap 1999 vs 1998
Shrank 34% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AGILE EXECUTIVE SEARCH AS. Revenue 2.91m NOK → 1.93m NOK (-33.9%). Net result +572.5k NOK → +32.0k NOK. Equity 782.9k NOK → 750.9k NOK.
On the constructive side: operating result improved; owners injected capital. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGILE EXECUTIVE SEARCH AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +1 997 NOK → +113.6k NOK (op. margin 0.1% → 5.9%). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.91m NOK to 1.93m NOK (-33.9% YoY). Calculated
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Net result weakened
Net result +572.5k NOK → +32.0k NOK (net margin 19.7% → 1.7%). Calculated
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↓
Equity eroded
Book equity 782.9k NOK → 750.9k NOK (equity ratio 24.8% → 45.5%). Calculated
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Payroll up without matching revenue
Salary cost 216.7k NOK → 325.5k NOK (7% → 17% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 3 616 NOK → 360.0k NOK. Reported fact