AGILE LOGISTICS AS: årsregnskap 2020 vs 2019
Grew 5796% on revenue, returned to profit, cash halved-plus
approved 2021-06-07; registry 2021-07-03; journal 2021 443278
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGILE LOGISTICS AS. Revenue 709 NOK → 41.8k NOK (+5796.3%). Net result -20.7k NOK → +529.8k NOK. Equity 6.17m NOK → 703.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGILE LOGISTICS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 709 NOK to 41.8k NOK (+5796.3% YoY). Calculated
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↑
Operating result improved
Operating result -26.6k NOK → +681.6k NOK (op. margin -3754.0% → 1630.5%). Calculated
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Turned profitable
Net result flipped from a loss of 20.7k NOK to a profit of 529.8k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.17m NOK → 703.5k NOK (equity ratio 3122.7% → 6.1%). Calculated
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↓
Cash fell
Bank deposits 191.9k NOK → 69.1k NOK (-64.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 26.6k NOK → 3.41m NOK (3754% → 8168% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 567 NOK → 39.3k NOK (+6832.1% YoY). Calculated