AGITO NORGE AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, slipped into loss, cash halved-plus
approved 2021-08-13; registry 2021-09-25; journal 2021 735955
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGITO NORGE AS. Revenue 15.81m NOK → 9.50m NOK (-39.9%). Net result +2.52m NOK → -161.4k NOK. Equity 10.21m NOK → 10.05m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGITO NORGE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +299.0k NOK → +672.3k NOK (op. margin 1.9% → 7.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.81m NOK to 9.50m NOK (-39.9% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 2.52m NOK profit to a loss of 161.4k NOK. Calculated
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↓
Equity eroded
Book equity 10.21m NOK → 10.05m NOK. Calculated
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↓
Cash fell
Bank deposits 405.5k NOK → 148.1k NOK (-63.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 12.41m NOK → 16.68m NOK. Reported fact