AGIO FORVALTNING AS: årsregnskap 2021 vs 2020
Grew 11% on revenue, weaker earnings
approved 2022-06-28; registry 2022-07-09; journal 2022 612672
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGIO FORVALTNING AS. Revenue 12.09m NOK → 13.46m NOK (+11.3%). Net result +196.2k NOK → +21.1k NOK. Equity 330.9k NOK → 352.0k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs fell. 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 12.09m NOK to 13.46m NOK (+11.3% YoY). Calculated
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↑
Equity strengthened
Book equity 330.9k NOK → 352.0k NOK (equity ratio 10.2% → 8.9%). Calculated
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↑
Cash rose
Bank deposits 199.6k NOK → 235.2k NOK (+17.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.91× → 1.15×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +234.8k NOK → +42.6k NOK (op. margin 1.9% → 0.3%). Calculated
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↓
Net result weakened
Net result +196.2k NOK → +21.1k NOK (net margin 1.6% → 0.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 8.24m NOK → 9.87m NOK (68% → 73% of revenue). Calculated
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COGS fell
COGS / varekostnad 86.8k NOK → 42.5k NOK (-51.1% YoY). Calculated