AGF-ART AS: årsregnskap 2020 vs 2019
Shrank 53% on revenue
approved 2021-04-15; registry 2021-09-23; journal 2021 798907
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGF-ART AS. Revenue 53.8k NOK → 25.1k NOK (-53.4%). Net result -10.4k NOK → -590 NOK. Equity -17.2k NOK → -17.8k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGF-ART AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -10.5k NOK → -590 NOK (op. margin -19.4% → -2.4%). Calculated
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↑
Net result improved
Net result -10.4k NOK → -590 NOK (net margin -19.4% → -2.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 53.8k NOK to 25.1k NOK (-53.4% YoY). Calculated
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↓
Cash fell
Bank deposits 34.8k NOK → 26.8k NOK (-22.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -64.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 30.0k NOK → 10.5k NOK (-65.1% YoY). Calculated