AGITO NORGE AS: årsregnskap 2004 vs 2003
Grew 112% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGITO NORGE AS. Revenue 26.12m NOK → 55.39m NOK (+112.0%). Equity 837.8k NOK → 627.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for AGITO NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 26.12m NOK to 55.39m NOK (+112.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.08×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +919.8k NOK → +818.2k NOK (op. margin 3.5% → 1.5%). Calculated
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↓
Equity eroded
Book equity 837.8k NOK → 627.1k NOK (equity ratio 9.2% → 4.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 889.4k NOK → 452.7k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 55 → 120. Reported fact