AGERA FORVALTNING AS: årsregnskap 2019 vs 2018
Grew 922% on revenue, weaker earnings
approved 2020-05-18; registry 2020-06-16; journal 2020 443315
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGERA FORVALTNING AS. Revenue 511.6k NOK → 5.23m NOK (+922.5%). Net result +451.0k NOK → +114.4k NOK. Equity 6.10m NOK → 152.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGERA FORVALTNING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 511.6k NOK to 5.23m NOK (+922.5% YoY). Calculated
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↑
Cash rose
Bank deposits 102.2k NOK → 874.5k NOK (+756.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +553.89m NOK → +209.7k NOK (op. margin 108261.0% → 4.0%). Calculated
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↓
Net result weakened
Net result +451.0k NOK → +114.4k NOK (net margin 88.1% → 2.2%). Calculated
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↓
Equity eroded
Book equity 6.10m NOK → 152.6k NOK (equity ratio 3508.7% → 4.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 11.83× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 467 NOK → 3.13m NOK (0% → 60% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 229.3k NOK → 903.6k NOK (+294.1% YoY). Calculated