The document presents financial information for Agile Business Solutions for 2021, 2020, and 2019. It includes income statements showing revenues increased 58% in 2021 due to new products and sales strategies, while direct costs decreased 17% due to favorable terms. It also shows statements of financial position including operating expenses increasing 28% in 2021 and finance costs increasing due to vehicle purchases. Revenues were driven by 81% growth in software implementation.

1. AGILE
BUSINESS
SOLUTIONS
FINANCIAL PRESENTATION
• Income statement
• Statement of Financial Position

2. INCOME STATEMENT
Agile Business Solutions Income
statement
2021 vs
2020
2020 vs
2019
Kshs '000' 2021 2020 2019 % Change
%
Change
Revenue 164,901 104,220 77,503 58% 34%
Direct cost 24,208 29,125 29,775 (17%) (2%)
Gross Profit 140,693 75,095 47,728 87% 57%
Other Income 1,420 736 - 93%
Operating expenses 83,203 63,283 43,690 31% 45%
Finance cost 2,001 1,572 141 27% >1000%
Foreign exchange 248 35 128 609% (73%)
Profit before tax 56,661 10,941 3,769 418% 190%
Income tax expense - 2,776 1,143
Profit After tax 56,661 8,165 2,626 594% 211%
Gross Ratios
Profit before tax margin 40% 14% 8%

3. The company’s topline grew by 58% in 2021 vs 2020.
This was due to aggressive sales strategies
implemented by management and the introduction
of new customer focused products.
Direct cost decreased by 2% due to favorable terms

4. REVENUE
Kshs '000' 2021 2020 2019
2021 vs
2020
% Change
2020 vs
2019
% Change
Software Implementation 125,339 69,080 30,375 81% 127%
ICT Consultancy & Infrustacture 7,576 11,845 18,347 (36%) (35%)
Software Licenses 31,986 23,294 28,880 37% (19%)
Total 164,901.00 104,219.00 77,602.00 58% 34%
The company’s top line grew by 58% from Kshs 104M in 2020 to Kshs 164M.
This was driven by acquisition of new businesses such as CPF…. Our business
line of software implementation grew by 127% to 69M vs 30M in 2019

5. Revenue performance
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
Software Implementation ICT Consultancy &
Infrustacture
Software Licenses
REVENUE
2021 2020 2019

6. Direct Cost
Kshs '000' 2021 2020 2019
2021 vs 2020%
Change
2020 vs
2019%
Change
Software License cost 18,957 18,780 20,833 1% (10%)
Infrustructure cost 2,647 2,936 2,736 (10%) 7%
Consultancy fees 2,603 7,410 6,207 (65%) 19%
Total 24,207 29,126 29,776 (17%) (2%)

7. DIRECT COST
-
5,000
10,000
15,000
20,000
25,000
Software License cost Infrustructure cost Consultancy fees
Direct Cost
2021 2020 2019

8. Operating Expenses
Kshs '000' 2021 2020 2019
2021 vs
2020%
Change
2020 vs
2019%
Change
Operating Expenses 81,146 63,283 43,690 28% 45%
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
2021 2020 2019
Operating Expenses

9. Finance Costs
Kshs '000' 2020 2019 % Change
Interest on loan 1,572 140 1,023%
The finance cost is associated with insurance premium financing for the staff
cover. In 2020 the management opted to purchase company vehicles to
facilitate in the smooth running of the business