AGS SOLUTIONS AS: årsregnskap 2021 vs 2020
Shrank 32% on revenue
approved 2023-09-28; registry 2023-10-09; journal 2023 733478
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGS SOLUTIONS AS. Revenue 504.0k NOK → 341.8k NOK (-32.2%). Net result -2.58m NOK → -2.74m NOK. Equity -2.25m NOK → -4.99m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGS SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 43.1k NOK → 154.4k NOK (+258.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.83m NOK → 1.80m NOK (364% → 526% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 504.0k NOK to 341.8k NOK (-32.2% YoY). Calculated
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↓
Operating result weakened
Operating result -2.63m NOK → -2.72m NOK (op. margin -521.4% → -796.7%). Calculated
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↓
Net result weakened
Net result -2.58m NOK → -2.74m NOK (net margin -512.0% → -802.8%). Calculated
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↓
Equity eroded
Book equity -2.25m NOK → -4.99m NOK (equity ratio -606.9% → -1351.4%). Calculated
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↓
COGS moved
COGS / varekostnad 93.8k NOK → 411.3k NOK (+338.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1351.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation