AGNES LAGERBYGG AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, stronger earnings
approved 2020-06-15; registry 2020-07-06; journal 2020 545148
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGNES LAGERBYGG AS. Revenue 545.8k NOK → 577.3k NOK (+5.8%). Net result +158.3k NOK → +491.6k NOK. Equity 4.18m NOK → 582.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGNES LAGERBYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 545.8k NOK to 577.3k NOK (+5.8% YoY). Calculated
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↑
Operating result improved
Operating result +382.6k NOK → +923.3k NOK (op. margin 70.1% → 159.9%). Calculated
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↑
Net result improved
Net result +158.3k NOK → +491.6k NOK (net margin 29.0% → 85.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.18m NOK → 582.3k NOK (equity ratio 40.9% → 5.5%). Calculated
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↓
Cash fell
Bank deposits 394.1k NOK → 340.9k NOK (-13.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation