AGORA AS: årsregnskap 2020 vs 2019
Shrank 59% on revenue, slipped into loss
approved 2021-05-31; registry 2021-09-18; journal 2021 716796
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGORA AS. Revenue 13.92m NOK → 5.72m NOK (-58.9%). Net result +890.9k NOK → -435.9k NOK. Equity 3.00m NOK → 2.56m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGORA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.97m NOK → 2.86m NOK (+45.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 7.14m NOK → 3.27m NOK (51% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.92m NOK to 5.72m NOK (-58.9% YoY). Calculated
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↓
Operating result weakened
Operating result +1.17m NOK → -462.9k NOK (op. margin 8.4% → -8.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 890.9k NOK profit to a loss of 435.9k NOK. Calculated
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↓
Equity eroded
Book equity 3.00m NOK → 2.56m NOK (equity ratio 52.5% → 41.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.86m NOK → 1.50m NOK (-61.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 135.5k NOK → 2 335 NOK. Reported fact