AGERA HOLDING AS: årsregnskap 2020 vs 2019
Grew 25% on revenue, stronger earnings, cash halved-plus
approved 2021-06-22; registry 2021-06-24; journal 2021 468897
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGERA HOLDING AS. Revenue 2.51m NOK → 3.13m NOK (+24.8%). Net result +363.2k NOK → +960.9k NOK. Equity 729.4k NOK → 10 NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGERA HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.51m NOK to 3.13m NOK (+24.8% YoY). Calculated
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↑
Net result improved
Net result +363.2k NOK → +960.9k NOK (net margin 14.5% → 30.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +475.6k NOK → +318.9k NOK (op. margin 19.0% → 10.2%). Calculated
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↓
Equity eroded
Book equity 729.4k NOK → 10 NOK (equity ratio 28.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 322.3k NOK → 46.4k NOK (-85.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.02m NOK → 1.78m NOK (-11.9% YoY). Calculated