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Org.nr 919 605 308 2019 → 2020 Year-over-year analysis

AGH ENGINEERING AS: årsregnskap 2020 vs 2019

Shrank 43% on revenue, slipped into loss, cash halved-plus

approved 2021-05-25; registry 2021-06-22; journal 2021 391311

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AGH ENGINEERING AS. Revenue 2.16m NOK → 1.23m NOK (-43.4%). Net result +148.0k NOK → -197.7k NOK. Equity 11.37m NOK → 12.20m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGH ENGINEERING AS.

At a glance

Scorecard

Revenue
2.16m NOK 1.23m NOK
-43.4%
Operating result
+219.0k NOK -197.4k NOK
-190.1%
Net result
+148.0k NOK -197.7k NOK
-233.6%
Equity
11.37m NOK 12.20m NOK
+7.2%
Cash
482.5k NOK 165.8k NOK
-65.6%
Total assets
898.3k NOK 530.7k NOK
-40.9%

What improved

  • ↑

    Equity strengthened

    Book equity 11.37m NOK → 12.20m NOK (equity ratio 1266.1% → 2297.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.16m NOK to 1.23m NOK (-43.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +219.0k NOK → -197.4k NOK (op. margin 10.1% → -16.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 148.0k NOK profit to a loss of 197.7k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 482.5k NOK → 165.8k NOK (-65.6% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 12 NOK → 1446.31bn NOK (0% → 118039266% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 374.4k NOK → 52.6k NOK (-85.9% YoY). Calculated