AGGS AS: årsregnskap 2019 vs 2018
Shrank 88% on revenue, weaker earnings
approved 2020-06-29; registry 2020-07-07; journal 2020 541287
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGGS AS. Revenue 1.06m NOK → 130.0k NOK (-87.8%). Net result -34.0k NOK → -469.0k NOK. Equity -453.3k NOK → -922.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGGS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 81.1k NOK → 274.4k NOK (+238.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.06m NOK to 130.0k NOK (-87.8% YoY). Calculated
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↓
Operating result weakened
Operating result -36.0k NOK → -471.1k NOK (op. margin -3.4% → -362.4%). Calculated
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↓
Net result weakened
Net result -34.0k NOK → -469.0k NOK (net margin -3.2% → -360.9%). Calculated
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↓
Equity eroded
Book equity -453.3k NOK → -922.3k NOK (equity ratio -41.4% → -173.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3 NOK → 442.4k NOK (0% → 340% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -173.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation