AGILEA AS: årsregnskap 2019 vs 2018
Grew 216% on revenue, stronger earnings, cash halved-plus
approved 2020-06-30; registry 2020-09-12; journal 2020 803515
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGILEA AS. Revenue 646.9k NOK → 2.05m NOK (+216.2%). Net result +31.0k NOK → +62.4k NOK. Equity 70.9k NOK → 62.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AGILEA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 646.9k NOK to 2.05m NOK (+216.2% YoY). Calculated
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Operating result improved
Operating result +40.6k NOK → +79.9k NOK (op. margin 6.3% → 3.9%). Calculated
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Net result improved
Net result +31.0k NOK → +62.4k NOK (net margin 4.8% → 3.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 70.9k NOK → 62.0k NOK (equity ratio 25.1% → 7.4%). Calculated
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↓
Cash fell
Bank deposits 666.8k NOK → 296.5k NOK (-55.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.21× → 0.98× — 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 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.42m NOK → 4.82m NOK (373% → 236% of revenue). Calculated