AGNAR AS: årsregnskap 2005 vs 2004
Grew 39% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AGNAR AS. Revenue 526.6k NOK → 731.6k NOK (+38.9%). Net result +162.0k NOK → +177.2k NOK. Equity 106.6k NOK → 283.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AGNAR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 526.6k NOK to 731.6k NOK (+38.9% YoY). Calculated
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Operating result improved
Operating result +183.2k NOK → +247.4k NOK (op. margin 34.8% → 33.8%). Calculated
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Net result improved
Net result +162.0k NOK → +177.2k NOK (net margin 30.8% → 24.2%). Calculated
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Equity strengthened
Book equity 106.6k NOK → 283.8k NOK (equity ratio 25.7% → 140.3%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 26.7k NOK → 1.26m NOK (5% → 172% of revenue). Calculated
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COGS fell
COGS / varekostnad 53.0k NOK → 37.0k NOK (-30.2% YoY). Calculated