AGNES 1 AS: årsregnskap 2011 vs 2010
Grew 5% on revenue
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AGNES 1 AS. Revenue 1.55m NOK → 1.63m NOK (+5.2%). Net result -668.3k NOK → -646.9k NOK. Equity -558.1k NOK → -1.20m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGNES 1 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.55m NOK to 1.63m NOK (+5.2% YoY). Calculated
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↑
Cash rose
Bank deposits 79.0k NOK → 102.7k NOK (+30.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.80× → 1.01×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +294.0k NOK → +245.6k NOK (op. margin 19.0% → 15.1%). Calculated
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↓
Equity eroded
Book equity -558.1k NOK → -1.20m NOK (equity ratio -2.4% → -5.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation