AGR CONSULTANCY SERVICES AS: årsregnskap 2020 vs 2019
Grew 26% on revenue, stronger earnings, cash halved-plus
approved 2021-07-01; registry 2021-07-29; journal 2021 558591
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGR CONSULTANCY SERVICES AS. Revenue 228.05m NOK → 286.40m NOK (+25.6%). Net result +6.21m NOK → +13.53m NOK. Equity 61.20m NOK → 61.17m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGR CONSULTANCY SERVICES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 228.05m NOK to 286.40m NOK (+25.6% YoY). Calculated
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Operating result improved
Operating result +9.52m NOK → +17.15m NOK (op. margin 4.2% → 6.0%). Calculated
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Net result improved
Net result +6.21m NOK → +13.53m NOK (net margin 2.7% → 4.7%). Calculated
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Owners injected capital
Paid-in equity rose 55.5k NOK → 56.33m NOK (+56.28m NOK). Reported fact
What deteriorated
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Equity eroded
Book equity 61.20m NOK → 61.17m NOK (equity ratio 51.0% → 49.2%). Calculated
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Cash fell
Bank deposits 86.61m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (86.61m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 83.04m NOK → 11.11bn NOK (36% → 3877% of revenue). Calculated
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COGS moved
COGS / varekostnad 125.52m NOK → 151.56m NOK (+20.7% YoY). Calculated