AGP INVESTMENTS AS: årsregnskap 2019 vs 2018
Shrank 87% on revenue, weaker earnings
approved 2020-02-27; registry 2020-03-05; journal 2020 229127
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGP INVESTMENTS AS. Revenue 699.6k NOK → 89.8k NOK (-87.2%). Net result +55.9k NOK → +31.9k NOK. Equity -12.4k NOK → -44.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGP INVESTMENTS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 699.6k NOK to 89.8k NOK (-87.2% YoY). Calculated
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Operating result weakened
Operating result +76.5k NOK → +37.8k NOK (op. margin 10.9% → 42.2%). Calculated
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↓
Net result weakened
Net result +55.9k NOK → +31.9k NOK (net margin 8.0% → 35.6%). Calculated
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↓
Equity eroded
Book equity -12.4k NOK → -44.3k NOK (equity ratio -7.8% → -32.5%). Calculated
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Cash fell
Bank deposits 50.2k NOK → 48.5k NOK (-3.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -32.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 10.0k NOK → 17.5k NOK. Reported fact