FirmaIQ
Org.nr 952 169 483 2002 → 2003 Year-over-year analysis

AGS IT-PARTNER AS: årsregnskap 2003 vs 2002

Mixed movements in the accounts

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AGS IT-PARTNER AS. Revenue 18.30m NOK → 17.80m NOK (-2.8%). Equity 653.1k NOK → 303.9k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGS IT-PARTNER AS.

At a glance

Scorecard

Revenue
18.30m NOK 17.80m NOK
-2.8%
Operating result
+211.2k NOK -787.2k NOK
-472.7%
Equity
653.1k NOK 303.9k NOK
-53.5%
Total assets
3.56m NOK 4.13m NOK
+15.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 5.15m NOK → 4.59m NOK (28% → 26% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.30m NOK to 17.80m NOK (-2.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +211.2k NOK → -787.2k NOK (op. margin 1.2% → -4.4%). Calculated

  • ↓

    Equity eroded

    Book equity 653.1k NOK → 303.9k NOK (equity ratio 18.3% → 7.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 11.22m NOK → 1.78m NOK (-84.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 679.6k NOK → 535.6k NOK. Reported fact