AGNOSS AS: årsregnskap 2019 vs 2018
Shrank 41% on revenue, stronger earnings, cash halved-plus
approved 2019-12-31; registry 2020-08-05; journal 2020 650722
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGNOSS AS. Revenue 340.0k NOK → 200.0k NOK (-41.2%). Net result -248.2k NOK → -27.1k NOK. Equity -133.8k NOK → -160.9k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGNOSS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -248.2k NOK → -27.1k NOK (net margin -73.0% → -13.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 340.0k NOK to 200.0k NOK (-41.2% YoY). Calculated
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↓
Equity eroded
Book equity -133.8k NOK → -160.9k NOK (equity ratio -35.6% → -57.2%). Calculated
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↓
Cash fell
Bank deposits 108.7k NOK → 16.7k NOK (-84.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -57.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation