AGITO AS: årsregnskap 2019 vs 2018
Grew 1437% on revenue, slipped into loss, cash halved-plus
approved 2020-05-27; registry 2020-06-16; journal 2020 439453
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGITO AS. Revenue 500.5k NOK → 7.69m NOK (+1437.4%). Net result +361.0k NOK → -113.0k NOK. Equity 499.6k NOK → 378.0k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AGITO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 500.5k NOK to 7.69m NOK (+1437.4% YoY). Calculated
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↑
Operating result improved
Operating result +81.2k NOK → +81.6k NOK (op. margin 16.2% → 1.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.18× → 1.05×. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 361.0k NOK profit to a loss of 113.0k NOK. Calculated
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↓
Equity eroded
Book equity 499.6k NOK → 378.0k NOK (equity ratio 10.8% → 10.3%). Calculated
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↓
Cash fell
Bank deposits 660.9k NOK → 293.6k NOK (-55.6% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 2.80m NOK → 3.30m NOK (+17.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 599.0k NOK → 185.4k NOK. Reported fact