AGS IT-PARTNER AS: årsregnskap 2010 vs 2009
Shrank 5% on revenue
approved 2011-06-27; registry 2011-07-06; journal 2011 476733
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AGS IT-PARTNER AS. Revenue 38.42m NOK → 36.39m NOK (-5.3%). Equity 10.00m NOK → 5.25m 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 +75.0k NOK → +629.8k NOK (op. margin 0.2% → 1.7%). Calculated
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↑
Payroll decreased
Salary cost 10.35m NOK → 10.09m NOK (27% → 28% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 38.42m NOK to 36.39m NOK (-5.3% YoY). Calculated
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↓
Equity eroded
Book equity 10.00m NOK → 5.25m NOK (equity ratio 58.3% → 28.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.58× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 24.87m NOK → 22.18m NOK (-10.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 44.5k NOK → 31.3k NOK. Reported fact