AGG INVEST AS: årsregnskap 2019 vs 2018
Shrank 40% on revenue, stronger earnings
approved 2019-12-31; registry 2020-09-15; journal 2020 818490
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGG INVEST AS. Revenue 636.7k NOK → 378.9k NOK (-40.5%). Net result +8 889 NOK → +95.8k NOK. Equity 11.91m NOK → 10.81m NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGG INVEST AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +8 889 NOK → +95.8k NOK (net margin 1.4% → 25.3%). Calculated
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Current ratio back above 1×
Current ratio 0.86× → 2.68×. Calculated
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Payroll decreased
Salary cost 195.4k NOK → 152.0k NOK (31% → 40% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 636.7k NOK to 378.9k NOK (-40.5% YoY). Calculated
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Operating result weakened
Operating result +47.4k NOK → -86.0k NOK (op. margin 7.5% → -22.7%). Calculated
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↓
Equity eroded
Book equity 11.91m NOK → 10.81m NOK (equity ratio 345.7% → 284.2%). Calculated
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Cash fell
Bank deposits 154.1k NOK → 114.7k NOK (-25.5% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 307.8k NOK → 182.1k NOK (-40.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.73m NOK → 1.67m NOK. Reported fact