FirmaIQ
Org.nr 982 194 881 2019 → 2020 Year-over-year analysis

AGIO VENTURE AS: årsregnskap 2020 vs 2019

Shrank 44% on revenue, slipped into loss

approved 2021-05-21; registry 2021-06-22; journal 2021 392335

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AGIO VENTURE AS. Revenue 18.0k NOK → 10.0k NOK (-44.4%). Net result +5 597 NOK → -2 184 NOK. Equity -242.1k NOK → -244.3k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGIO VENTURE AS.

At a glance

Scorecard

Revenue
18.0k NOK 10.0k NOK
-44.4%
Operating result
+5 596 NOK -2 151 NOK
-138.4%
Net result
+5 597 NOK -2 184 NOK
-139.0%
Equity
-242.1k NOK -244.3k NOK
-0.9%
Cash
11.6k NOK 5 923 NOK
-48.9%
Total assets
11.6k NOK 8 348 NOK
-28.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.0k NOK to 10.0k NOK (-44.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +5 596 NOK → -2 151 NOK (op. margin 31.1% → -21.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 5 597 NOK profit to a loss of 2 184 NOK. Calculated

  • ↓

    Equity eroded

    Book equity -242.1k NOK → -244.3k NOK (equity ratio -2089.6% → -2926.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 11.6k NOK → 5 923 NOK (-48.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -2926.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation