AGF VVS AS: årsregnskap 2019 vs 2018
Shrank 94% on revenue
approved 2020-05-29; registry 2020-09-16; journal 2020 824717
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGF VVS AS. Revenue 778.3k NOK → 44.8k NOK (-94.2%). Equity 95.3k NOK → -96.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGF VVS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 61.1k NOK → 92.5k NOK (+51.6% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 778.3k NOK to 44.8k NOK (-94.2% YoY). Calculated
-
↓
Equity eroded
Book equity 95.3k NOK → -96.5k NOK (equity ratio 13.2% → -10.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 428.0k NOK → 194.5k NOK (-54.6% YoY). Calculated