AGERA PROSJEKTER AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2020-02-18; registry 2020-06-16; journal 2020 443411
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGERA PROSJEKTER AS. Revenue 23.9k NOK → 22.4k NOK (-6.3%). Net result +539.5k NOK → +30.2k NOK. Equity 3.27m NOK → 3.24m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGERA PROSJEKTER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +93.71m NOK → +139.66m NOK (op. margin 391513.2% → 622808.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.9k NOK to 22.4k NOK (-6.3% YoY). Calculated
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↓
Net result weakened
Net result +539.5k NOK → +30.2k NOK (net margin 2253.9% → 134.8%). Calculated
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↓
Equity eroded
Book equity 3.27m NOK → 3.24m NOK (equity ratio 4.1% → 7.4%). Calculated
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↓
Cash fell
Bank deposits 2.07m NOK → 4 705 NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.07m NOK → 4 705 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 77.31m NOK → 42.77m NOK. Reported fact