AGITO NORGE AS: årsregnskap 2019 vs 2018
Grew 37% on revenue, returned to profit, cash halved-plus
approved 2020-03-25; registry 2020-08-31; journal 2020 720641
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGITO NORGE AS. Revenue 11.51m NOK → 15.81m NOK (+37.3%). Net result -889.2k NOK → +2.52m NOK. Equity 7.69m NOK → 10.21m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGITO NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.51m NOK to 15.81m NOK (+37.3% YoY). Calculated
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Operating result improved
Operating result +172.9k NOK → +299.0k NOK (op. margin 1.5% → 1.9%). Calculated
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Turned profitable
Net result flipped from a loss of 889.2k NOK to a profit of 2.52m NOK. Calculated
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Equity strengthened
Book equity 7.69m NOK → 10.21m NOK (equity ratio 71.4% → 64.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 8.65m NOK → 405.5k NOK (-95.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.65m NOK → 405.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 10.64m NOK → 11.93m NOK (92% → 75% of revenue). Calculated
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COGS moved
COGS / varekostnad 150.4k NOK → 310.1k NOK (+106.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 9.24m NOK → 12.41m NOK. Reported fact