AGS IT-PARTNER AS: årsregnskap 2020 vs 2019
Grew 21% on revenue, stronger earnings
approved 2021-05-15; registry 2021-06-12; journal 2021 304614
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGS IT-PARTNER AS. Revenue 42.72m NOK → 51.90m NOK (+21.5%). Net result +499.9k NOK → +672.6k NOK. Equity 11.00m NOK → 10.68m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGS IT-PARTNER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 42.72m NOK to 51.90m NOK (+21.5% YoY). Calculated
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Operating result improved
Operating result +267.6k NOK → +543.1k NOK (op. margin 0.6% → 1.0%). Calculated
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Net result improved
Net result +499.9k NOK → +672.6k NOK (net margin 1.2% → 1.3%). Calculated
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Cash rose
Bank deposits 4.25m NOK → 5.79m NOK (+36.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.00m NOK → 10.68m NOK (equity ratio 61.5% → 47.8%). Calculated
Things to notice
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Payroll increased
Salary cost 14.94m NOK → 17.06m NOK (35% → 33% of revenue). Calculated
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COGS moved
COGS / varekostnad 23.60m NOK → 29.43m NOK (+24.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10 NOK → 8.28m NOK. Reported fact