AGS IT-PARTNER AS: årsregnskap 2019 vs 2018
Grew 5% on revenue, weaker earnings
approved 2020-04-06; registry 2020-04-16; journal 2020 290685
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGS IT-PARTNER AS. Revenue 40.66m NOK → 42.72m NOK (+5.1%). Net result +817.0k NOK → +499.9k NOK. Equity 10.05m NOK → 11.00m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGS IT-PARTNER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 40.66m NOK to 42.72m NOK (+5.1% YoY). Calculated
-
↑
Equity strengthened
Book equity 10.05m NOK → 11.00m NOK (equity ratio 57.6% → 61.5%). Calculated
-
↑
Cash rose
Bank deposits 2.50m NOK → 4.25m NOK (+70.0% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 3.72m NOK → 4.17m NOK (+449.8k NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result +468.3k NOK → +267.6k NOK (op. margin 1.2% → 0.6%). Calculated
-
↓
Net result weakened
Net result +817.0k NOK → +499.9k NOK (net margin 2.0% → 1.2%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 12.68m NOK → 14.94m NOK (31% → 35% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 23.76m NOK → 23.60m NOK (-0.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 52.5k NOK → 10 NOK. Reported fact