AGENT M AS: årsregnskap 2019 vs 2018
Shrank 16% on revenue, weaker earnings, cash halved-plus
approved 2020-06-30; registry 2020-07-25; journal 2020 633006
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGENT M AS. Revenue 3.55m NOK → 3.00m NOK (-15.6%). Net result +68.9k NOK → +6 263 NOK. Equity 312.9k NOK → 319.1k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGENT M AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 312.9k NOK → 319.1k NOK (equity ratio 39.4% → 50.0%). Calculated
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↑
Owners injected capital
Paid-in equity rose 312.9k NOK → 319.1k NOK (+6 264 NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.55m NOK to 3.00m NOK (-15.6% YoY). Calculated
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↓
Operating result weakened
Operating result +157.4k NOK → +120.9k NOK (op. margin 4.4% → 4.0%). Calculated
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↓
Net result weakened
Net result +68.9k NOK → +6 263 NOK (net margin 1.9% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 26.7k NOK → -46.5k NOK (-273.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 224.0k NOK → 356.5k NOK (6% → 12% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.37m NOK → 1.79m NOK (-24.6% YoY). Calculated