AGI EIENDOM AS: årsregnskap 2020 vs 2019
Grew 22% on revenue, slipped into loss
approved 2020-12-31; registry 2021-09-06; journal 2021 723386
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGI EIENDOM AS. Revenue 800.6k NOK → 976.6k NOK (+22.0%). Net result +900.6k NOK → -705.4k NOK. Equity 1.49m NOK → 10.78m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss; cash fell.
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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↑
Revenue rose
Operating income / revenue moved from 800.6k NOK to 976.6k NOK (+22.0% YoY). Calculated
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↑
Operating result improved
Operating result -1.70m NOK → -576.8k NOK (op. margin -212.8% → -59.1%). Calculated
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↑
Equity strengthened
Book equity 1.49m NOK → 10.78m NOK (equity ratio 25.9% → 75.1%). Calculated
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Payroll decreased
Salary cost 175.7k NOK → 20.2k NOK (22% → 2% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 900.6k NOK profit to a loss of 705.4k NOK. Calculated
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↓
Cash fell
Bank deposits 1.09m NOK → 904.5k NOK (-16.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10.75m NOK → 600.6k NOK. Reported fact