AGILE SOLUTIONS AS: årsregnskap 2003 vs 2002
Grew 165% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGILE SOLUTIONS AS. Revenue 194.0k NOK → 513.4k NOK (+164.6%). Net result +3 360 NOK → +74.2k NOK. Equity 103.4k NOK → 29.1k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGILE SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 194.0k NOK to 513.4k NOK (+164.6% YoY). Calculated
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↑
Net result improved
Net result +3 360 NOK → +74.2k NOK (net margin 1.7% → 14.5%). Calculated
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↑
Cash rose
Bank deposits 74.5k NOK → 1.12m NOK (+1407.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3 622 NOK → -74.7k NOK (op. margin 1.9% → -14.6%). Calculated
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↓
Equity eroded
Book equity 103.4k NOK → 29.1k NOK (equity ratio 58.1% → 21.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 169.4k NOK → 488.3k NOK (87% → 95% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 0 NOK → 60.2k NOK (None YoY). Calculated