AGS HOLDING GJØVIK AS: årsregnskap 2020 vs 2019
Grew 909% on revenue, returned to profit
approved 2021-04-22; registry 2021-04-26; journal 2021 224584
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGS HOLDING GJØVIK AS. Revenue 7 200 NOK → 72.7k NOK (+909.3%). Net result -32.7k NOK → +506.1k NOK. Equity 353.7k NOK → 859.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7 200 NOK to 72.7k NOK (+909.3% YoY). Calculated
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Operating result improved
Operating result -32.9k NOK → +10.9k NOK (op. margin -457.4% → 15.0%). Calculated
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Turned profitable
Net result flipped from a loss of 32.7k NOK to a profit of 506.1k NOK. Calculated
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Equity strengthened
Book equity 353.7k NOK → 859.8k NOK (equity ratio 97.9% → 184.0%). Calculated
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Cash rose
Bank deposits 32.5k NOK → 306.3k NOK (+841.8% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 17.47× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated