AGORA AS: årsregnskap 2003 vs 2002
Shrank 14% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGORA AS. Revenue 5.62m NOK → 4.82m NOK (-14.2%). Net result +24.3k NOK → -204.7k NOK. Equity 465.2k NOK → 560.5k NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGORA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 465.2k NOK → 560.5k NOK (equity ratio 20.7% → 40.3%). Calculated
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↑
Owners injected capital
Paid-in equity rose 208.5k NOK → 508.5k NOK (+300.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 1.83m NOK → 1.67m NOK (33% → 35% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.62m NOK to 4.82m NOK (-14.2% YoY). Calculated
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↓
Operating result weakened
Operating result +43.8k NOK → -187.5k NOK (op. margin 0.8% → -3.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 24.3k NOK profit to a loss of 204.7k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 21.51× → 0.42× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.18m NOK → 1.05m NOK (-10.9% YoY). Calculated