AGG INVEST AS: årsregnskap 2020 vs 2019
Shrank 84% on revenue, slipped into loss, cash halved-plus
approved 2021-06-30; registry 2021-10-02; journal 2021 843664
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGG INVEST AS. Revenue 378.9k NOK → 59.9k NOK (-84.2%). Net result +95.8k NOK → -240.3k NOK. Equity 10.81m NOK → 572.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
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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↑
Payroll decreased
Salary cost 152.0k NOK → 1 494 NOK (40% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 378.9k NOK to 59.9k NOK (-84.2% YoY). Calculated
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↓
Operating result weakened
Operating result -86.0k NOK → -143.4k NOK (op. margin -22.7% → -239.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 95.8k NOK profit to a loss of 240.3k NOK. Calculated
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↓
Equity eroded
Book equity 10.81m NOK → 572.1k NOK (equity ratio 284.2% → 14.3%). Calculated
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↓
Cash fell
Bank deposits 114.7k NOK → 36.6k NOK (-68.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 182.1k NOK → 45.9k NOK (-74.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.67m NOK → 1.54m NOK. Reported fact