AGS IT-PARTNER AS: årsregnskap 2002 vs 2001
Shrank 22% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AGS IT-PARTNER AS. Revenue 23.35m NOK → 18.30m NOK (-21.6%). Equity 1.69m NOK → 653.1k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGS IT-PARTNER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +155.4k NOK → +211.2k NOK (op. margin 0.7% → 1.2%). Calculated
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Payroll decreased
Salary cost 6.31m NOK → 5.15m NOK (27% → 28% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.35m NOK to 18.30m NOK (-21.6% YoY). Calculated
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↓
Equity eroded
Book equity 1.69m NOK → 653.1k NOK (equity ratio 33.1% → 18.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 14.74m NOK → 11.22m NOK (-23.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 465.9k NOK → 679.6k NOK. Reported fact