AGI EIENDOM AS: årsregnskap 2019 vs 2018
Shrank 32% on revenue, stronger earnings
approved 2019-12-31; registry 2020-05-02; journal 2020 322171
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGI EIENDOM AS. Revenue 1.17m NOK → 800.6k NOK (-31.7%). Net result +377.9k NOK → +900.6k NOK. Equity 2.39m NOK → 1.49m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGI EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +377.9k NOK → +900.6k NOK (net margin 32.2% → 112.5%). Calculated
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Cash rose
Bank deposits 295.9k NOK → 1.09m NOK (+267.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.17m NOK to 800.6k NOK (-31.7% YoY). Calculated
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↓
Operating result weakened
Operating result +578.9k NOK → -1.70m NOK (op. margin 49.4% → -212.8%). Calculated
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↓
Equity eroded
Book equity 2.39m NOK → 1.49m NOK (equity ratio 42.7% → 25.9%). Calculated
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Payroll up without matching revenue
Salary cost 7 NOK → 175.7k NOK (0% → 22% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 418.7k NOK → 10.75m NOK. Reported fact