FirmaIQ
Org.nr 993 068 152 2020 → 2021 Year-over-year analysis

AGNEFESTVEIEN AS: årsregnskap 2021 vs 2020

Shrank 38% on revenue, stronger earnings

approved 2022-06-30; registry 2022-07-09; journal 2022 666940

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AGNEFESTVEIEN AS. Revenue 190.0k NOK → 117.8k NOK (-38.0%). Net result -1.66m NOK → -155.4k NOK. Equity -2.28m NOK → -2.43m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded.

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

At a glance

Scorecard

Revenue
190.0k NOK 117.8k NOK
-38.0%
Operating result
-1.19m NOK +57.6k NOK
+104.8%
Net result
-1.66m NOK -155.4k NOK
+90.6%
Equity
-2.28m NOK -2.43m NOK
-6.8%
Cash
45.2k NOK 45.2k NOK
0.0%
Total assets
8.56m NOK 8.56m NOK
+0.1%

What improved

  • ↑

    Operating result improved

    Operating result -1.19m NOK → +57.6k NOK (op. margin -627.5% → 48.9%). Calculated

  • ↑

    Net result improved

    Net result -1.66m NOK → -155.4k NOK (net margin -873.1% → -131.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 190.0k NOK to 117.8k NOK (-38.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -2.28m NOK → -2.43m NOK (equity ratio -26.6% → -28.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -28.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation