AGS IT-PARTNER AS: årsregnskap 2021 vs 2020
Grew 16% on revenue, stronger earnings
approved 2022-05-28; registry 2022-06-15; journal 2022 431947
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGS IT-PARTNER AS. Revenue 51.90m NOK → 60.35m NOK (+16.3%). Net result +672.6k NOK → +1.17m NOK. Equity 10.68m NOK → 10.26m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; 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 51.90m NOK to 60.35m NOK (+16.3% YoY). Calculated
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Net result improved
Net result +672.6k NOK → +1.17m NOK (net margin 1.3% → 1.9%). Calculated
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Cash rose
Bank deposits 5.79m NOK → 6.63m NOK (+14.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +543.1k NOK → +325.8k NOK (op. margin 1.0% → 0.5%). Calculated
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↓
Equity eroded
Book equity 10.68m NOK → 10.26m NOK (equity ratio 47.8% → 42.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 17.06m NOK → 22.32m NOK (33% → 37% of revenue). Calculated
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COGS moved
COGS / varekostnad 29.43m NOK → 30.79m NOK (+4.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8.28m NOK → 52.5k NOK. Reported fact