FirmaIQ
Org.nr 913 675 169 2019 → 2020 Year-over-year analysis

AGGREGATED GAS RESOURCES AS: årsregnskap 2020 vs 2019

Returned to profit, cash halved-plus

registry 2021-10-12; journal 2021 885332

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AGGREGATED GAS RESOURCES AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -3 531 NOK → +6 439 NOK. Equity -41.4k NOK → -35.0k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGGREGATED GAS RESOURCES AS.

At a glance

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Operating result
-3 531 NOK -300 NOK
+91.5%
Net result
-3 531 NOK +6 439 NOK
+282.4%
Equity
-41.4k NOK -35.0k NOK
+15.5%
Cash
384.7k NOK 84.4k NOK
-78.1%
Total assets
384.7k NOK 6 823 NOK
-98.2%

What improved

  • ↑

    Operating result improved

    Operating result -3 531 NOK → -300 NOK. Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 3 531 NOK to a profit of 6 439 NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -41.4k NOK → -35.0k NOK (equity ratio -10.8% → -512.9%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 384.7k NOK → 84.4k NOK (-78.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -512.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation