AGILE EXECUTIVE SEARCH AS: årsregnskap 2020 vs 2019
Shrank 29% on revenue, slipped into loss
approved 2021-05-25; registry 2021-06-29; journal 2021 412528
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGILE EXECUTIVE SEARCH AS. Revenue 9.55m NOK → 6.76m NOK (-29.2%). Net result +1.27m NOK → -1.56m NOK. Equity 734.5k NOK → 172.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AGILE EXECUTIVE SEARCH AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 208.3k NOK → 369.3k NOK (+77.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.55m NOK to 6.76m NOK (-29.2% YoY). Calculated
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↓
Operating result weakened
Operating result +1.59m NOK → -2.37m NOK (op. margin 16.7% → -35.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.27m NOK profit to a loss of 1.56m NOK. Calculated
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↓
Equity eroded
Book equity 734.5k NOK → 172.3k NOK (equity ratio 19.5% → 7.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.61× → 0.63× — 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 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 853.0k NOK → 224.4k NOK — check capital reduction, conversion, or reclassification. Interpretation