12 YEARS AGENCY AS: årsregnskap 2020 vs 2019
Shrank 78% on revenue, returned to profit
approved 2021-02-22; registry 2021-03-23; journal 2021 162866
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 12 YEARS AGENCY AS. Revenue 573.8k NOK → 125.6k NOK (-78.1%). Net result -2 564 NOK → +203.6k NOK. Equity 21.9k NOK → 5.23m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2 330 NOK → +259.1k NOK (op. margin -0.4% → 206.2%). Calculated
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Turned profitable
Net result flipped from a loss of 2 564 NOK to a profit of 203.6k NOK. Calculated
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Equity strengthened
Book equity 21.9k NOK → 5.23m NOK (equity ratio 7.4% → 938.5%). Calculated
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Cash rose
Bank deposits 279.3k NOK → 349.4k NOK (+25.1% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 573.8k NOK to 125.6k NOK (-78.1% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2 480 NOK → 673.0k NOK (0% → 536% of revenue). Calculated
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COGS moved
COGS / varekostnad 6 208 NOK → 40.4k NOK (+550.5% YoY). Calculated