AGNAR HAGEN AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, slipped into loss
approved 2021-06-15; registry 2021-08-14; journal 2021 613884
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGNAR HAGEN AS. Revenue 23.98m NOK → 20.75m NOK (-13.5%). Net result +621.6k NOK → -1.45m NOK. Equity 1.81m NOK → 359.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGNAR HAGEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 219.2k NOK → 221.5k NOK (+1.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 5.46m NOK → 5.14m NOK (23% → 25% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.98m NOK to 20.75m NOK (-13.5% YoY). Calculated
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↓
Operating result weakened
Operating result +244.5k NOK → -505.8k NOK (op. margin 1.0% → -2.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 621.6k NOK profit to a loss of 1.45m NOK. Calculated
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↓
Equity eroded
Book equity 1.81m NOK → 359.8k NOK (equity ratio 9.5% → 1.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 13.45m NOK → 11.23m NOK (-16.5% YoY). Calculated