AGK INVEST AS: årsregnskap 2021 vs 2020
Grew 106% on revenue, weaker earnings
approved 2022-05-26; registry 2022-06-01; journal 2022 387283
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGK INVEST AS. Revenue 31.8k NOK → 65.2k NOK (+105.5%). Net result -23.9k NOK → -2.29m NOK. Equity 2.26m NOK → -31.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGK INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 31.8k NOK to 65.2k NOK (+105.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -24.0k NOK → -2.21m NOK (op. margin -75.5% → -3383.9%). Calculated
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↓
Net result weakened
Net result -23.9k NOK → -2.29m NOK (net margin -75.3% → -3507.3%). Calculated
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↓
Equity eroded
Book equity 2.26m NOK → -31.6k NOK (equity ratio 78.8% → -4.9%). Calculated
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↓
Cash fell
Bank deposits 269.3k NOK → 151.8k NOK (-43.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation