AGILE SOLUTIONS AS: årsregnskap 2009 vs 2008
Shrank 14% on revenue, weaker earnings
approved 2010-04-20; registry 2010-05-08
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AGILE SOLUTIONS AS. Revenue 436.7k NOK → 375.4k NOK (-14.0%). Net result +347.1k NOK → +6 657 NOK. Equity 815.6k NOK → 822.2k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: 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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↑
Equity strengthened
Book equity 815.6k NOK → 822.2k NOK (equity ratio 1021.0% → 78.6%). Calculated
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↑
Cash rose
Bank deposits 6 223 NOK → 919.4k NOK (+14674.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.08× → 4.53×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 436.7k NOK to 375.4k NOK (-14.0% YoY). Calculated
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↓
Operating result weakened
Operating result +439.4k NOK → +5 586 NOK (op. margin 100.6% → 1.5%). Calculated
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↓
Net result weakened
Net result +347.1k NOK → +6 657 NOK (net margin 79.5% → 1.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 679.3k NOK → 1.03m NOK (156% → 274% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 29.8k NOK → 10.0k NOK (-66.4% YoY). Calculated