AGILE EXECUTIVE SEARCH AS: årsregnskap 2004 vs 2003
Grew 13339% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGILE EXECUTIVE SEARCH AS. Revenue 12.2k NOK → 1.64m NOK (+13338.7%). Net result -61.6k NOK → +926.0k NOK. Equity 207.1k NOK → 100.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. 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 AGILE EXECUTIVE SEARCH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.2k NOK to 1.64m NOK (+13338.7% YoY). Calculated
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↑
Operating result improved
Operating result -11.6k NOK → +1.14m NOK (op. margin -95.2% → 69.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 61.6k NOK to a profit of 926.0k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 207.1k NOK → 100.1k NOK (equity ratio 11.2% → 3.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 0 NOK → 81.4k NOK (None YoY). Calculated
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·
Book investments changed
Investment / intangible book value 147.5k NOK → 1.15m NOK. Reported fact