AGS IT-PARTNER AS: årsregnskap 2004 vs 2003
Grew 40% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGS IT-PARTNER AS. Revenue 17.80m NOK → 24.88m NOK (+39.8%). Equity 303.9k NOK → 1.50m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: payroll increased; cogs moved; 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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↑
Revenue rose
Operating income / revenue moved from 17.80m NOK to 24.88m NOK (+39.8% YoY). Calculated
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↑
Operating result improved
Operating result -787.2k NOK → +315.2k NOK (op. margin -4.4% → 1.3%). Calculated
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↑
Equity strengthened
Book equity 303.9k NOK → 1.50m NOK (equity ratio 7.4% → 32.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.84× → 34.26×. Calculated
Things to notice
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Payroll increased
Salary cost 4.59m NOK → 5.24m NOK (26% → 21% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.78m NOK → 17.11m NOK (+860.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 535.6k NOK → 494.8k NOK. Reported fact