AGK AS: årsregnskap 2020 vs 2019
Grew 155265% on revenue, returned to profit
approved 2021-02-22; registry 2021-04-17; journal 2021 204563
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGK AS. Revenue 1 165 NOK → 1.81m NOK (+155264.8%). Net result -139.3k NOK → +7.22m NOK. Equity -89.9k NOK → 6.13m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AGK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 165 NOK to 1.81m NOK (+155264.8% YoY). Calculated
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Operating result improved
Operating result -138.9k NOK → +239.4k NOK (op. margin -11920.2% → 13.2%). Calculated
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Turned profitable
Net result flipped from a loss of 139.3k NOK to a profit of 7.22m NOK. Calculated
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Equity strengthened
Book equity -89.9k NOK → 6.13m NOK (equity ratio -65.1% → 2368.3%). Calculated
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Cash rose
Bank deposits 75.7k NOK → 122.2k NOK (+61.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.26m NOK → 4.53m NOK (107867% → 250% of revenue). Calculated