AGITO AS: årsregnskap 2010 vs 2009
Slipped into loss
approved 2011-04-14; registry 2011-04-30; journal 2011 349558
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AGITO AS. Revenue 5.20m NOK → 5.37m NOK (+3.2%). Net result +60.4k NOK → -1.73m NOK. Equity 254.5k NOK → -1.47m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGITO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.20m NOK to 5.37m NOK (+3.2% YoY). Calculated
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↑
Cash rose
Bank deposits 101.6k NOK → 153.8k NOK (+51.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +118.4k NOK → -1.17m NOK (op. margin 2.3% → -21.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 60.4k NOK profit to a loss of 1.73m NOK. Calculated
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↓
Equity eroded
Book equity 254.5k NOK → -1.47m NOK (equity ratio 13.2% → -62.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.36× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -62.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 567.3k NOK → 178.9k NOK (-68.5% YoY). Calculated