AGORA CREATIVE AS: årsregnskap 2020 vs 2019
Shrank 84% on revenue, weaker earnings, cash halved-plus
approved 2021-06-09; registry 2021-07-29; journal 2021 558033
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGORA CREATIVE AS. Revenue 173.0k NOK → 27.5k NOK (-84.1%). Net result -114.8k NOK → -1.58m NOK. Equity 2.63m NOK → 1.05m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGORA CREATIVE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 173.0k NOK to 27.5k NOK (-84.1% YoY). Calculated
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Operating result weakened
Operating result +61.5k NOK → -22.8k NOK (op. margin 35.5% → -82.8%). Calculated
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Net result weakened
Net result -114.8k NOK → -1.58m NOK (net margin -66.4% → -5728.3%). Calculated
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↓
Equity eroded
Book equity 2.63m NOK → 1.05m NOK (equity ratio 57.4% → 35.0%). Calculated
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Cash fell
Bank deposits 11.0k NOK → 5 022 NOK (-54.2% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 2.15m NOK → 3.77m NOK. Reported fact