A/GSUND AS: årsregnskap 2019 vs 2018
Grew 33% on revenue, weaker earnings
approved 2020-08-27; registry 2020-09-26; journal 2020 860631
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/GSUND AS. Revenue 311.0k NOK → 414.2k NOK (+33.2%). Net result +589.5k NOK → +94.3k NOK. Equity 5.62m NOK → 713.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for A/GSUND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 311.0k NOK to 414.2k NOK (+33.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +830.9k NOK → +53.1k NOK (op. margin 267.1% → 12.8%). Calculated
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↓
Net result weakened
Net result +589.5k NOK → +94.3k NOK (net margin 189.5% → 22.8%). Calculated
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↓
Equity eroded
Book equity 5.62m NOK → 713.8k NOK (equity ratio 593.3% → 82.0%). Calculated
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↓
Cash fell
Bank deposits 214.9k NOK → 146.6k NOK (-31.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 578 NOK → 280.6k NOK (1% → 68% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 3 551 NOK → 551.0k NOK. Reported fact