AGIO FORVALTNING AS: årsregnskap 2019 vs 2018
Grew 13% on revenue, weaker earnings, cash halved-plus
approved 2020-06-25; registry 2020-07-04; journal 2020 526509
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGIO FORVALTNING AS. Revenue 9.08m NOK → 10.30m NOK (+13.5%). Net result +217.3k NOK → +95.3k NOK. Equity 269.4k NOK → 234.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AGIO FORVALTNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.08m NOK to 10.30m NOK (+13.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +331.2k NOK → +176.8k NOK (op. margin 3.6% → 1.7%). Calculated
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↓
Net result weakened
Net result +217.3k NOK → +95.3k NOK (net margin 2.4% → 0.9%). Calculated
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↓
Equity eroded
Book equity 269.4k NOK → 234.7k NOK (equity ratio 11.2% → 8.8%). Calculated
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↓
Cash fell
Bank deposits 843.3k NOK → 185.9k NOK (-78.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6.15m NOK → 7.14m NOK (68% → 69% of revenue). Calculated