AGENDA BYGG AS: årsregnskap 2020 vs 2019
Grew 314% on revenue, weaker earnings, cash halved-plus
approved 2021-06-04; registry 2021-08-11; journal 2021 620190
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGENDA BYGG AS. Revenue 513.5k NOK → 2.13m NOK (+313.9%). Net result -85.1k NOK → -564.3k NOK. Equity -112.5k NOK → -676.8k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. 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 513.5k NOK to 2.13m NOK (+313.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.82× → 1.66×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -84.3k NOK → -544.7k NOK (op. margin -16.4% → -25.6%). Calculated
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↓
Net result weakened
Net result -85.1k NOK → -564.3k NOK (net margin -16.6% → -26.5%). Calculated
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↓
Equity eroded
Book equity -112.5k NOK → -676.8k NOK (equity ratio -19.4% → -89.5%). Calculated
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↓
Cash fell
Bank deposits 567.8k NOK → 7 NOK (-100.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -89.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 300.9k NOK → 494.6k NOK (59% → 23% of revenue). Calculated
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COGS fell
COGS / varekostnad 2.92m NOK → 1.76m NOK (-39.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 13.6k NOK → 39.2k NOK. Reported fact