AGR SOFTWARE AS: årsregnskap 2013 vs 2012
Grew 454% on revenue, cash halved-plus, fresh owner capital
approved 2014-06-25; registry 2014-07-12; journal 2014 571962
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AGR SOFTWARE AS. Revenue 266.5k NOK → 1.48m NOK (+454.3%). Equity 539.6k NOK → 31.5k NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGR SOFTWARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 266.5k NOK to 1.48m NOK (+454.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 900 NOK → 600.0k NOK (+599.1k NOK). Reported fact
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↑
Payroll decreased
Salary cost 1.25m NOK → 0 NOK (471% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 539.6k NOK → 31.5k NOK (equity ratio 54.0% → 7.8%). Calculated
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↓
Cash fell
Bank deposits 451.2k NOK → 210.8k NOK (-53.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation