AGNAR AS: årsregnskap 2019 vs 2018
Shrank 31% on revenue, cash halved-plus
approved 2020-07-09; registry 2020-09-05; journal 2020 747494
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGNAR AS. Revenue 3.79m NOK → 2.63m NOK (-30.5%). Net result +645.2k NOK → +627.2k NOK. Equity 8.37m NOK → 8.99m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGNAR AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 8.37m NOK → 8.99m NOK (equity ratio 81.9% → 88.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.79m NOK to 2.63m NOK (-30.5% YoY). Calculated
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↓
Cash fell
Bank deposits 8.77m NOK → 839.0k NOK (-90.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.27m NOK → 2.47m NOK (60% → 94% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.77m NOK → 839.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 25.5k NOK → 6 642 NOK (-74.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6.33m NOK → 6.72m NOK. Reported fact