AGILE EXECUTIVE SEARCH AS: årsregnskap 2008 vs 2007
Grew 90% on revenue, stronger earnings, cash halved-plus
approved 2009-05-02; registry 2009-10-14
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGILE EXECUTIVE SEARCH AS. Revenue 2.14m NOK → 4.06m NOK (+90.0%). Net result +311.3k NOK → +961.9k NOK. Equity 8.90m NOK → 1.55m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. 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 2.14m NOK to 4.06m NOK (+90.0% YoY). Calculated
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Operating result improved
Operating result +156.9k NOK → +345.1k NOK (op. margin 7.3% → 8.5%). Calculated
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Net result improved
Net result +311.3k NOK → +961.9k NOK (net margin 14.6% → 23.7%). Calculated
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Owners injected capital
Paid-in equity rose 100.0k NOK → 184.8k NOK (+84.8k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 8.90m NOK → 1.55m NOK (equity ratio 93.3% → 44.8%). Calculated
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Cash fell
Bank deposits 6.75m NOK → 1.03m NOK (-84.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.75m NOK → 1.03m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 320.3k NOK → 2.08m NOK (15% → 51% of revenue). Calculated
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COGS fell
COGS / varekostnad 120.4k NOK → 85.9k NOK (-28.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 235.5k NOK → 172.5k NOK. Reported fact