FirmaIQ
Org.nr 965 950 044 2010 → 2011 Year-over-year analysis

AGILE EXECUTIVE SEARCH AS: årsregnskap 2011 vs 2010

Grew 51% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AGILE EXECUTIVE SEARCH AS. Revenue 4.95m NOK → 7.47m NOK (+51.1%). Net result +777.2k NOK → +411.3k NOK. Equity 944.7k NOK → 356.0k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AGILE EXECUTIVE SEARCH AS.

At a glance

Scorecard

Revenue
4.95m NOK 7.47m NOK
+51.1%
Operating result
+978.2k NOK +850.9k NOK
-13.0%
Net result
+777.2k NOK +411.3k NOK
-47.1%
Equity
944.7k NOK 356.0k NOK
-62.3%
Cash
n/m 3.60m NOK
—
Total assets
3.38m NOK 5.27m NOK
+55.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.95m NOK to 7.47m NOK (+51.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +978.2k NOK → +850.9k NOK (op. margin 19.8% → 11.4%). Calculated

  • ↓

    Net result weakened

    Net result +777.2k NOK → +411.3k NOK (net margin 15.7% → 5.5%). Calculated

  • ↓

    Equity eroded

    Book equity 944.7k NOK → 356.0k NOK (equity ratio 27.9% → 6.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2 010 NOK → 4.09m NOK (0% → 55% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 202.1k NOK → 127.3k NOK (-37.0% YoY). Calculated