AGROUP SERVICES AS: årsregnskap 2020 vs 2019
Grew 150009% on revenue, returned to profit
approved 2021-06-09; registry 2021-10-04; journal 2021 769701
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGROUP SERVICES AS. Revenue 6 887 NOK → 10.34m NOK (+150008.9%). Net result -2 007 NOK → +716.4k NOK. Equity -1.97m NOK → -1.25m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AGROUP SERVICES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6 887 NOK to 10.34m NOK (+150008.9% YoY). Calculated
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Operating result improved
Operating result -2 007 NOK → +370.7k NOK (op. margin -29.1% → 3.6%). Calculated
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Turned profitable
Net result flipped from a loss of 2 007 NOK to a profit of 716.4k NOK. Calculated
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Equity strengthened
Book equity -1.97m NOK → -1.25m NOK. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -51.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 7 634 NOK → 8.33m NOK (111% → 81% of revenue). Calculated