AGENDA BYGG AS: årsregnskap 2019 vs 2018
Grew 260% on revenue, stronger earnings
approved 2020-05-22; registry 2020-06-25; journal 2020 489317
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGENDA BYGG AS. Revenue 142.5k NOK → 513.5k NOK (+260.4%). Net result -527.4k NOK → -85.1k NOK. Equity -27.4k NOK → -112.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGENDA BYGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 142.5k NOK to 513.5k NOK (+260.4% YoY). Calculated
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Operating result improved
Operating result -524.3k NOK → -84.3k NOK (op. margin -368.0% → -16.4%). Calculated
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Net result improved
Net result -527.4k NOK → -85.1k NOK (net margin -370.1% → -16.6%). Calculated
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Cash rose
Bank deposits 62.7k NOK → 567.8k NOK (+805.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -27.4k NOK → -112.5k NOK (equity ratio -12.9% → -19.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -19.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 214 NOK → 300.9k NOK (1% → 59% of revenue). Calculated
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COGS moved
COGS / varekostnad 85.7k NOK → 2.92m NOK (+3303.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 18.0k NOK → 13.6k NOK. Reported fact