AGILAS ENGINEERING AS: årsregnskap 2021 vs 2020
Shrank 72% on revenue, stronger earnings, fresh owner capital
registry 2024-04-02; journal 2024 343165
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGILAS ENGINEERING AS. Revenue 169.4k NOK → 47.8k NOK (-71.8%). Net result +107.3k NOK → +516.0k NOK. Equity 12.13m NOK → 447.7k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGILAS ENGINEERING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +137.6k NOK → +652.6k NOK (op. margin 81.2% → 1364.2%). Calculated
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Net result improved
Net result +107.3k NOK → +516.0k NOK (net margin 63.3% → 1078.7%). Calculated
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Cash rose
Bank deposits 24.4k NOK → 274.1k NOK (+1022.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 24.4k NOK → 30.0k NOK (+5 570 NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 169.4k NOK to 47.8k NOK (-71.8% YoY). Calculated
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Equity eroded
Book equity 12.13m NOK → 447.7k NOK (equity ratio 4514.4% → 357.9%). Calculated
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Current ratio dropped below 1×
Current ratio 1.72× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 0 NOK → 45.0k NOK. Reported fact