AGI EIENDOM AS: årsregnskap 2021 vs 2020
Shrank 78% on revenue, returned to profit, cash halved-plus
approved 2021-12-31; registry 2022-05-21; journal 2022 314344
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGI EIENDOM AS. Revenue 976.6k NOK → 217.7k NOK (-77.7%). Net result -705.4k NOK → +621.5k NOK. Equity 10.78m NOK → 1.40m NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; 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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Operating result improved
Operating result -576.8k NOK → +808.9k NOK (op. margin -59.1% → 371.6%). Calculated
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Turned profitable
Net result flipped from a loss of 705.4k NOK to a profit of 621.5k NOK. Calculated
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Payroll decreased
Salary cost 20.2k NOK → 2 NOK (2% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 976.6k NOK to 217.7k NOK (-77.7% YoY). Calculated
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Equity eroded
Book equity 10.78m NOK → 1.40m NOK (equity ratio 75.1% → 9.6%). Calculated
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Cash fell
Bank deposits 904.5k NOK → 75.6k NOK (-91.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 600.6k NOK → 9.60m NOK. Reported fact