AGILA VEST AS: årsregnskap 2020 vs 2019
Grew 12% on revenue, weaker earnings
approved 2021-05-20; registry 2021-06-19; journal 2021 357311
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGILA VEST AS. Revenue 5.49m NOK → 6.15m NOK (+12.1%). Net result -46.5k NOK → -533.5k NOK. Equity 8.15m NOK → -516.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AGILA VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.49m NOK to 6.15m NOK (+12.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -133.1k NOK → -700.1k NOK (op. margin -2.4% → -11.4%). Calculated
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↓
Net result weakened
Net result -46.5k NOK → -533.5k NOK (net margin -0.8% → -8.7%). Calculated
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↓
Equity eroded
Book equity 8.15m NOK → -516.5k NOK (equity ratio 86.9% → -5.7%). Calculated
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↓
Cash fell
Bank deposits 7.02m NOK → 4.92m NOK (-29.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.23× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 17.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 3.59m NOK → 4.29m NOK (65% → 70% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 28.3k NOK → 147.0k NOK (+419.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 631 NOK → 2 542 NOK. Reported fact