AGK CONSULT AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, cash halved-plus
approved 2021-06-30; registry 2021-07-05; journal 2021 517038
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGK CONSULT AS. Revenue 286.2k NOK → 286 NOK (-99.9%). Net result -13.3k NOK → -16.9k NOK. Equity 16.7k NOK → -251 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGK CONSULT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 286.2k NOK to 286 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -13.4k NOK → -16.9k NOK (op. margin -4.7% → -5925.9%). Calculated
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↓
Net result weakened
Net result -13.3k NOK → -16.9k NOK (net margin -4.7% → -5923.8%). Calculated
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↓
Equity eroded
Book equity 16.7k NOK → -251 NOK (equity ratio 12.4% → -43.5%). Calculated
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↓
Cash fell
Bank deposits 134.6k NOK → 577 NOK (-99.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -43.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation