AGITO AS: årsregnskap 2014 vs 2013
Shrank 48% on revenue, slipped into loss, cash halved-plus
approved 2015-06-29; registry 2015-09-08; journal 2015 805410
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AGITO AS. Revenue 14.80m NOK → 7.71m NOK (-47.9%). Net result +945.6k NOK → -1.31m NOK. Equity 552.8k NOK → -189.4k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AGITO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 14.80m NOK to 7.71m NOK (-47.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 945.6k NOK profit to a loss of 1.31m NOK. Calculated
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Equity eroded
Book equity 552.8k NOK → -189.4k NOK (equity ratio 6.8% → -3.5%). Calculated
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Cash fell
Bank deposits 498.8k NOK → 55.7k NOK (-88.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.06× → 0.02× — 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 -3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 877.5k NOK → 108.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 6.17m NOK → 2.50m NOK (-59.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 794.9k NOK → 1.86m NOK. Reported fact