AGF-ART AS: årsregnskap 2019 vs 2018
Grew 363% on revenue, stronger earnings
approved 2020-09-12; registry 2020-09-19; journal 2020 831700
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGF-ART AS. Revenue 11.6k NOK → 53.8k NOK (+363.3%). Net result -25.0k NOK → -10.4k NOK. Equity -6 779 NOK → -17.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AGF-ART AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.6k NOK to 53.8k NOK (+363.3% YoY). Calculated
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↑
Operating result improved
Operating result -25.0k NOK → -10.5k NOK (op. margin -214.9% → -19.4%). Calculated
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Net result improved
Net result -25.0k NOK → -10.4k NOK (net margin -214.9% → -19.4%). Calculated
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↑
Cash rose
Bank deposits 21.6k NOK → 34.8k NOK (+60.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -6 779 NOK → -17.2k NOK (equity ratio -21.1% → -48.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -48.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 14.2k NOK → 30.0k NOK (+110.7% YoY). Calculated