AGS FORSIKRING AS: årsregnskap 2021 vs 2020
Grew 9% on revenue, stronger earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-16; journal 2022 651258
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGS FORSIKRING AS. Revenue 4.65m NOK → 5.08m NOK (+9.2%). Net result +216.0k NOK → +392.9k NOK. Equity 1.56m NOK → 1.35m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AGS FORSIKRING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.65m NOK to 5.08m NOK (+9.2% YoY). Calculated
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↑
Operating result improved
Operating result +285.5k NOK → +528.0k NOK (op. margin 6.1% → 10.4%). Calculated
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↑
Net result improved
Net result +216.0k NOK → +392.9k NOK (net margin 4.6% → 7.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.56m NOK → 1.35m NOK (equity ratio 72.7% → 62.5%). Calculated
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↓
Cash fell
Bank deposits 492.6k NOK → 199.5k NOK (-59.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.76m NOK → 3.01m NOK (59% → 59% of revenue). Calculated