AGILE SOLUTIONS AS: årsregnskap 2004 vs 2003
Grew 44% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGILE SOLUTIONS AS. Revenue 513.4k NOK → 738.4k NOK (+43.8%). Net result +74.2k NOK → +90.9k NOK. Equity 29.1k NOK → 109.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs fell. 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 513.4k NOK to 738.4k NOK (+43.8% YoY). Calculated
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Operating result improved
Operating result -74.7k NOK → +94.6k NOK (op. margin -14.6% → 12.8%). Calculated
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Net result improved
Net result +74.2k NOK → +90.9k NOK (net margin 14.5% → 12.3%). Calculated
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Equity strengthened
Book equity 29.1k NOK → 109.0k NOK (equity ratio 21.4% → 48.0%). Calculated
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Payroll decreased
Salary cost 488.3k NOK → 473.0k NOK (95% → 64% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 1.12m NOK → 200.3k NOK (-82.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.12m NOK → 200.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 60.2k NOK → 0 NOK (-100.0% YoY). Calculated