AGS AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, slipped into loss
approved 2021-03-25; registry 2021-05-10; journal 2021 273556
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGS AS. Revenue 811.8k NOK → 740.6k NOK (-8.8%). Net result +2 731 NOK → -12.8k NOK. Equity 1 894 NOK → -10.9k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGS AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 97.5k NOK → 100.9k NOK (+3.5% YoY). Calculated
-
↑
Payroll decreased
Salary cost 631.5k NOK → 573.6k NOK (78% → 77% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 811.8k NOK to 740.6k NOK (-8.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +2 630 NOK → -12.8k NOK (op. margin 0.3% → -1.7%). Calculated
-
↓
Fell into a net loss
Net result flipped from 2 731 NOK profit to a loss of 12.8k NOK. Calculated
-
↓
Equity eroded
Book equity 1 894 NOK → -10.9k NOK (equity ratio 1.2% → -6.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation