AGR CONSULTANCY SERVICES AS: årsregnskap 2010 vs 2009
Grew 52% on revenue
approved 2011-06-24; registry 2011-06-29; journal 2011 450145
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AGR CONSULTANCY SERVICES AS. Revenue 20.98m NOK → 31.88m NOK (+51.9%). Equity 741.1k NOK → 614.0k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AGR CONSULTANCY SERVICES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.98m NOK to 31.88m NOK (+51.9% YoY). Calculated
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↑
Operating result improved
Operating result +2.05m NOK → +5.27m NOK (op. margin 9.7% → 16.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 741.1k NOK → 614.0k NOK (equity ratio 11.8% → 4.3%). Calculated
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↓
Cash fell
Bank deposits 996.7k NOK → 759.2k NOK (-23.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 11.45m NOK → 17.79m NOK (55% → 56% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 63.8k NOK → 117.7k NOK. Reported fact