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Org.nr 992 621 648 2019 → 2020 Year-over-year analysis

AGS FORSIKRING AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue, stronger earnings

approved 2021-05-28; registry 2021-06-19; journal 2021 361631

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AGS FORSIKRING AS. Revenue 5.29m NOK → 4.65m NOK (-12.1%). Net result +70.5k NOK → +216.0k NOK. Equity 1.34m NOK → 1.56m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGS FORSIKRING AS.

At a glance

Scorecard

Revenue
5.29m NOK 4.65m NOK
-12.1%
Operating result
+95.3k NOK +285.5k NOK
+199.6%
Net result
+70.5k NOK +216.0k NOK
+206.4%
Equity
1.34m NOK 1.56m NOK
+16.1%
Cash
129.8k NOK 492.6k NOK
+279.4%
Total assets
2.18m NOK 2.15m NOK
-1.6%

What improved

  • ↑

    Operating result improved

    Operating result +95.3k NOK → +285.5k NOK (op. margin 1.8% → 6.1%). Calculated

  • ↑

    Net result improved

    Net result +70.5k NOK → +216.0k NOK (net margin 1.3% → 4.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.34m NOK → 1.56m NOK (equity ratio 61.6% → 72.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 129.8k NOK → 492.6k NOK (+279.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.26m NOK → 2.76m NOK (62% → 59% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.29m NOK to 4.65m NOK (-12.1% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 93.3k NOK → 87.8k NOK. Reported fact