FirmaIQ
Org.nr 912 240 207 2018 → 2019 Year-over-year analysis

AGNAR HAGEN AS: årsregnskap 2019 vs 2018

Stronger earnings

approved 2020-05-03; registry 2020-05-09; journal 2020 341592

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AGNAR HAGEN AS. Revenue 24.74m NOK → 23.98m NOK (-3.1%). Net result +20.3k NOK → +621.6k NOK. Equity 2.43m NOK → 1.81m NOK.

On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGNAR HAGEN AS.

At a glance

Scorecard

Revenue
24.74m NOK 23.98m NOK
-3.1%
Operating result
+870.4k NOK +244.5k NOK
-71.9%
Net result
+20.3k NOK +621.6k NOK
+2955.3%
Equity
2.43m NOK 1.81m NOK
-25.5%
Cash
209.7k NOK 219.2k NOK
+4.5%
Total assets
17.80m NOK 19.15m NOK
+7.6%

What improved

  • ↑

    Net result improved

    Net result +20.3k NOK → +621.6k NOK (net margin 0.1% → 2.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 209.7k NOK → 219.2k NOK (+4.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.03× → 2.26×. Calculated

  • ↑

    Payroll decreased

    Salary cost 5.95m NOK → 5.46m NOK (24% → 23% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 24.74m NOK to 23.98m NOK (-3.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +870.4k NOK → +244.5k NOK (op. margin 3.5% → 1.0%). Calculated

  • ↓

    Equity eroded

    Book equity 2.43m NOK → 1.81m NOK (equity ratio 13.7% → 9.5%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 12.77m NOK → 13.45m NOK (+5.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation