AGN AS: årsregnskap 2019 vs 2018
Grew 65436% on revenue, returned to profit, cash halved-plus
approved 2020-08-28; registry 2020-09-05; journal 2020 746354
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGN AS. Revenue 1 315 NOK → 861.8k NOK (+65435.6%). Net result -180.9k NOK → +115.5k NOK. Equity 144.3k NOK → 11.26m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 315 NOK to 861.8k NOK (+65435.6% YoY). Calculated
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Operating result improved
Operating result -223.4k NOK → +146.0k NOK (op. margin -16991.4% → 16.9%). Calculated
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Turned profitable
Net result flipped from a loss of 180.9k NOK to a profit of 115.5k NOK. Calculated
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Equity strengthened
Book equity 144.3k NOK → 11.26m NOK (equity ratio 17.3% → 698.4%). Calculated
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Payroll decreased
Salary cost 811.6k NOK → 2 NOK (61718% → 0% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 366.9k NOK → 90.9k NOK (-75.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 620.7k NOK → 74.6k NOK (-88.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 474.2k NOK. Reported fact