AGK AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, slipped into loss
approved 2020-05-31; registry 2020-07-11; journal 2020 574793
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGK AS. Revenue 820.0k NOK → 1 165 NOK (-99.9%). Net result +19.4k NOK → -139.3k NOK. Equity 49.4k NOK → -89.9k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 820.0k NOK to 1 165 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +25.2k NOK → -138.9k NOK (op. margin 3.1% → -11920.2%). Calculated
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Fell into a net loss
Net result flipped from 19.4k NOK profit to a loss of 139.3k NOK. Calculated
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Equity eroded
Book equity 49.4k NOK → -89.9k NOK (equity ratio 26.1% → -65.1%). Calculated
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Cash fell
Bank deposits 149.9k NOK → 75.7k NOK (-49.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -65.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation