Org.nr 989 255 339 2018 → 2019 Year-over-year analysis

AGØ HOLDING AS: årsregnskap 2019 vs 2018

Weaker earnings, cash halved-plus

approved 2020-08-31; registry 2020-10-14; journal 2020 936946

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AGØ HOLDING AS. Net result -1.62m NOK → -204.00m NOK. Equity 4.22bn NOK → 12.29m NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGØ HOLDING AS.

At a glance

Operating result

-63.0k NOK -63.7k NOK

-1.1%

Net result

-1.62m NOK -204.00m NOK

-12491.3%

Equity

4.22bn NOK 12.29m NOK

-99.7%

Cash

3.20m NOK 484.1k NOK

-84.9%

Total assets

216.53m NOK 12.29m NOK

-94.3%

↓
Operating result weakened

Operating result -63.0k NOK → -63.7k NOK. Calculated
↓
Net result weakened

Net result -1.62m NOK → -204.00m NOK. Calculated
↓
Equity eroded

Book equity 4.22bn NOK → 12.29m NOK (equity ratio 1947.2% → 100.0%). Calculated
↓
Cash fell

Bank deposits 3.20m NOK → 484.1k NOK (-84.9% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (3.20m NOK → 484.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 210.94m NOK → 6.97m NOK. Reported fact