AGS HOLDING AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, returned to profit
approved 2021-04-09; registry 2021-06-26; journal 2021 397809
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGS HOLDING AS. Revenue 270.0k NOK → 450 NOK (-99.8%). Net result -3.63m NOK → +16.37m NOK. Equity 27.48m NOK → 43.85m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGS HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.17m NOK → -1.68m NOK (op. margin -805.1% → -372979.8%). Calculated
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Turned profitable
Net result flipped from a loss of 3.63m NOK to a profit of 16.37m NOK. Calculated
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Equity strengthened
Book equity 27.48m NOK → 43.85m NOK (equity ratio 65.5% → 79.8%). Calculated
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Cash rose
Bank deposits 1.01m NOK → 9.46m NOK (+836.2% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.23× → 8.62×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 270.0k NOK to 450 NOK (-99.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 457.0k NOK → 630.5k NOK (169% → 140100% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 8.60m NOK → 6.60m NOK. Reported fact