AGITO AS: årsregnskap 2021 vs 2020
Shrank 27% on revenue, slipped into loss
approved 2022-03-24; registry 2022-05-04; journal 2022 201211
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGITO AS. Revenue 8.68m NOK → 6.37m NOK (-26.7%). Net result +249.2k NOK → -409.3k NOK. Equity 652.8k NOK → 219.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGITO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 201.4k NOK → 967.7k NOK (+380.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.68m NOK to 6.37m NOK (-26.7% YoY). Calculated
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↓
Operating result weakened
Operating result +204.0k NOK → -494.5k NOK (op. margin 2.3% → -7.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 249.2k NOK profit to a loss of 409.3k NOK. Calculated
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↓
Equity eroded
Book equity 652.8k NOK → 219.6k NOK (equity ratio 15.5% → 6.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 4.87m NOK → 3.52m NOK (-27.7% YoY). Calculated