AGL CONSULTING AS: årsregnskap 2021 vs 2020
Grew 16% on revenue, stronger earnings, cash halved-plus
approved 2022-03-15; registry 2022-03-17; journal 2022 151235
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGL CONSULTING AS. Revenue 2.17m NOK → 2.53m NOK (+16.2%). Net result +527.6k NOK → +730.8k NOK. Equity 287.4k NOK → 268.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for AGL CONSULTING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.17m NOK to 2.53m NOK (+16.2% YoY). Calculated
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Operating result improved
Operating result +677.6k NOK → +936.9k NOK (op. margin 31.2% → 37.1%). Calculated
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Net result improved
Net result +527.6k NOK → +730.8k NOK (net margin 24.3% → 28.9%). Calculated
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Current ratio back above 1×
Current ratio 0.16× → 26.90×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 287.4k NOK → 268.2k NOK (equity ratio 215.0% → 20.4%). Calculated
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Cash fell
Bank deposits 7.78m NOK → 1.01m NOK (-87.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.78m NOK → 1.01m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 1.43m NOK → 1.50m NOK (66% → 59% of revenue). Calculated