AGS BYGG AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, weaker earnings, cash halved-plus
approved 2021-04-29; registry 2021-06-09; journal 2021 276318
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGS BYGG AS. Revenue 28.65m NOK → 33.59m NOK (+17.3%). Net result +2.54m NOK → +169.2k NOK. Equity 3.34m NOK → 3.51m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGS BYGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 28.65m NOK to 33.59m NOK (+17.3% YoY). Calculated
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↑
Equity strengthened
Book equity 3.34m NOK → 3.51m NOK (equity ratio 23.1% → 33.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3.35m NOK → +302.2k NOK (op. margin 11.7% → 0.9%). Calculated
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↓
Net result weakened
Net result +2.54m NOK → +169.2k NOK (net margin 8.9% → 0.5%). Calculated
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Cash fell
Bank deposits 6.05m NOK → 1.42m NOK (-76.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.05m NOK → 1.42m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3 NOK → 14.15m NOK (0% → 42% of revenue). Calculated
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COGS moved
COGS / varekostnad 10.73m NOK → 16.79m NOK (+56.5% YoY). Calculated