AGER AS: årsregnskap 2020 vs 2019
Shrank 63% on revenue, stronger earnings
approved 2021-07-06; registry 2021-07-10; journal 2021 554533
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGER AS. Revenue 984.6k NOK → 368.8k NOK (-62.5%). Net result -573.8k NOK → -392.3k NOK. Equity 903.3k NOK → 511.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -749.9k NOK → -502.5k NOK (op. margin -76.2% → -136.3%). Calculated
-
↑
Net result improved
Net result -573.8k NOK → -392.3k NOK (net margin -58.3% → -106.4%). Calculated
-
↑
Payroll decreased
Salary cost 760.0k NOK → 268.7k NOK (77% → 73% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 984.6k NOK to 368.8k NOK (-62.5% YoY). Calculated
-
↓
Equity eroded
Book equity 903.3k NOK → 511.0k NOK. Calculated
-
↓
Cash fell
Bank deposits 227.4k NOK → 161.7k NOK (-28.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.81× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated