AGR SOFTWARE AS: årsregnskap 2020 vs 2019
Grew 25% on revenue, weaker earnings
approved 2021-06-30; registry 2021-07-28; journal 2021 547856
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGR SOFTWARE AS. Revenue 13.74m NOK → 17.11m NOK (+24.5%). Net result +1.30m NOK → +919.9k NOK. Equity 17.38m NOK → 18.30m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. 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 13.74m NOK to 17.11m NOK (+24.5% YoY). Calculated
-
↑
Operating result improved
Operating result -1.18m NOK → +985.2k NOK (op. margin -8.6% → 5.8%). Calculated
-
↑
Equity strengthened
Book equity 17.38m NOK → 18.30m NOK (equity ratio 77.4% → 65.7%). Calculated
-
↑
Cash rose
Bank deposits 308.3k NOK → 406.4k NOK (+31.8% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +1.30m NOK → +919.9k NOK (net margin 9.4% → 5.4%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 20.68m NOK → 18.30m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 3.79m NOK → 4.61m NOK (28% → 27% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 907.0k NOK → 1.98m NOK (+118.7% YoY). Calculated