AGP INVESTMENTS AS: årsregnskap 2021 vs 2020
Shrank 52% on revenue, slipped into loss
approved 2022-06-20; registry 2022-06-27; journal 2022 534440
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGP INVESTMENTS AS. Revenue 908.8k NOK → 435.9k NOK (-52.0%). Net result +2 744 NOK → -195.8k NOK. Equity -41.6k NOK → -237.4k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
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 908.8k NOK to 435.9k NOK (-52.0% YoY). Calculated
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Operating result weakened
Operating result +6 769 NOK → -132.1k NOK (op. margin 0.7% → -30.3%). Calculated
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Fell into a net loss
Net result flipped from 2 744 NOK profit to a loss of 195.8k NOK. Calculated
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Equity eroded
Book equity -41.6k NOK → -237.4k NOK (equity ratio -23.0% → -80.4%). Calculated
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Cash fell
Bank deposits 50.3k NOK → 45.9k NOK (-8.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -80.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 35.5k NOK → 47.1k NOK. Reported fact