AGENTA GROUP AS: årsregnskap 2019 vs 2018
Grew 129274% on revenue, weaker earnings
approved 2020-09-25; registry 2020-10-05; journal 2020 918634
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGENTA GROUP AS. Revenue 4 269 NOK → 5.52m NOK (+129274.4%). Net result +457.0k NOK → +2 426 NOK. Equity 4.11m NOK → 116.6k NOK.
On the constructive side: revenue rose; current ratio back above 1×; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AGENTA GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 269 NOK to 5.52m NOK (+129274.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.14× → 3.34×. Calculated
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↑
Owners injected capital
Paid-in equity rose 109.0k NOK → 111.4k NOK (+2 426 NOK). Reported fact
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↑
Payroll decreased
Salary cost 746.2k NOK → 650.6k NOK (17480% → 12% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.59m NOK → +312.1k NOK (op. margin 37294.1% → 5.7%). Calculated
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↓
Net result weakened
Net result +457.0k NOK → +2 426 NOK (net margin 10706.2% → 0.0%). Calculated
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↓
Equity eroded
Book equity 4.11m NOK → 116.6k NOK (equity ratio 63.3% → 1.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 439.7k NOK → 894.8k NOK (+103.5% YoY). Calculated