AGS IT-PARTNER AS: årsregnskap 2012 vs 2011
Cash halved-plus
approved 2013-05-08; registry 2013-07-06; journal 2013 528193
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AGS IT-PARTNER AS. Revenue 49.22m NOK → 48.66m NOK (-1.1%). Equity 5.30m NOK → 5.70m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AGS IT-PARTNER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.30m NOK → 5.70m NOK (equity ratio 34.4% → 40.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 49.22m NOK to 48.66m NOK (-1.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +946.0k NOK → +578.7k NOK (op. margin 1.9% → 1.2%). Calculated
-
↓
Cash fell
Bank deposits 3.86m NOK → 1.21m NOK (-68.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 12.28m NOK → 14.97m NOK (25% → 31% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.86m NOK → 1.21m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 30.37m NOK → 28.84m NOK (-5.0% YoY). Calculated