AGNES LAGERBYGG AS: årsregnskap 2020 vs 2019
Grew 253% on revenue, stronger earnings, cash halved-plus
approved 2021-05-12; registry 2021-08-19; journal 2021 649583
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGNES LAGERBYGG AS. Revenue 577.3k NOK → 2.04m NOK (+252.8%). Net result +491.6k NOK → +972.2k NOK. Equity 582.3k NOK → 554.5k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. 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 577.3k NOK to 2.04m NOK (+252.8% YoY). Calculated
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Net result improved
Net result +491.6k NOK → +972.2k NOK (net margin 85.2% → 47.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +923.3k NOK → +364.2k NOK (op. margin 159.9% → 17.9%). Calculated
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↓
Equity eroded
Book equity 582.3k NOK → 554.5k NOK (equity ratio 5.5% → 4.8%). Calculated
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↓
Cash fell
Bank deposits 340.9k NOK → 46.6k NOK (-86.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.57× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 33.2k NOK → 17.1k NOK (-48.5% YoY). Calculated