AGR SOFTWARE AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-08-13; registry 2020-08-19; journal 2020 681006
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGR SOFTWARE AS. Revenue 13.36m NOK → 13.74m NOK (+2.9%). Equity 16.08m NOK → 17.38m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGR SOFTWARE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 13.36m NOK to 13.74m NOK (+2.9% YoY). Calculated
-
↑
Equity strengthened
Book equity 16.08m NOK → 17.38m NOK (equity ratio 49.4% → 77.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.57× → 1.71×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +511.8k NOK → -1.18m NOK (op. margin 3.8% → -8.6%). Calculated
-
↓
Cash fell
Bank deposits 6.39m NOK → 308.3k NOK (-95.2% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.39m NOK → 308.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 773.0k NOK → 907.0k NOK (+17.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 8.90m NOK → 12 NOK. Reported fact