AGS BATTERISERVICE AS: årsregnskap 2020 vs 2019
Grew 22% on revenue, returned to profit, cash halved-plus
approved 2021-08-31; registry 2021-10-23; journal 2021 858448
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGS BATTERISERVICE AS. Revenue 5.10m NOK → 6.21m NOK (+21.8%). Net result -256.1k NOK → +368.8k NOK. Equity 1.35m NOK → 1.72m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGS BATTERISERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.10m NOK to 6.21m NOK (+21.8% YoY). Calculated
-
↑
Operating result improved
Operating result -294.3k NOK → +515.6k NOK (op. margin -5.8% → 8.3%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 256.1k NOK to a profit of 368.8k NOK. Calculated
-
↑
Equity strengthened
Book equity 1.35m NOK → 1.72m NOK (equity ratio 64.8% → 58.1%). Calculated
-
↑
Payroll decreased
Salary cost 6.88m NOK → 2 NOK (135% → 0% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 830.9k NOK → 64.1k NOK (-92.3% YoY). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 3.96m NOK → 4.41m NOK (+11.5% YoY). Calculated