AGS AS: årsregnskap 2021 vs 2020
Grew 7% on revenue
approved 2022-03-11; registry 2022-03-15; journal 2022 147440
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGS AS. Revenue 740.6k NOK → 794.7k NOK (+7.3%). Net result -12.8k NOK → -22.7k NOK. Equity -10.9k NOK → -33.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 740.6k NOK to 794.7k NOK (+7.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -12.8k NOK → -22.7k NOK (op. margin -1.7% → -2.9%). Calculated
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↓
Net result weakened
Net result -12.8k NOK → -22.7k NOK (net margin -1.7% → -2.9%). Calculated
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↓
Equity eroded
Book equity -10.9k NOK → -33.7k NOK (equity ratio -6.7% → -25.5%). Calculated
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↓
Cash fell
Bank deposits 100.9k NOK → 79.2k NOK (-21.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 573.6k NOK → 634.3k NOK (77% → 80% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 56.7k NOK → 70.0k NOK (+23.4% YoY). Calculated