AGIT AS: årsregnskap 2021 vs 2020
Shrank 94% on revenue, stronger earnings
registry 2022-04-04; journal 2022 185212
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGIT AS. Revenue 563.1k NOK → 32.2k NOK (-94.3%). Net result +228.6k NOK → +818.3k NOK. Equity 13.25m NOK → 71.3k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGIT AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +228.6k NOK → +818.3k NOK (net margin 40.6% → 2539.2%). Calculated
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Cash rose
Bank deposits 294.7k NOK → 464.5k NOK (+57.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 563.1k NOK to 32.2k NOK (-94.3% YoY). Calculated
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Operating result weakened
Operating result +293.1k NOK → +16.5k NOK (op. margin 52.0% → 51.2%). Calculated
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↓
Equity eroded
Book equity 13.25m NOK → 71.3k NOK (equity ratio 2957.3% → 4.5%). Calculated
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Current ratio dropped below 1×
Current ratio 2.23× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 243.1k NOK → 3.97m NOK (43% → 12311% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 0 NOK → 202.8k NOK. Reported fact