AGITEL AS: årsregnskap 2011 vs 2010
Shrank 22% on revenue
approved 2012-06-30; registry 2012-08-23; journal 2012 640764
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AGITEL AS. Revenue 257.1k NOK → 200.0k NOK (-22.2%). Equity 39.9k NOK → -108.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGITEL AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 150.9k NOK → 171.5k NOK (+13.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 257.1k NOK to 200.0k NOK (-22.2% YoY). Calculated
-
↓
Equity eroded
Book equity 39.9k NOK → -108.8k NOK (equity ratio 16.6% → -33.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 26.7k NOK → 59.7k NOK (+124.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -33.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation