AGTUNNEL AS: årsregnskap 2019 vs 2018
Shrank 14% on revenue, slipped into loss
approved 2020-05-11; registry 2020-11-12; journal 2020 967416
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGTUNNEL AS. Revenue 81.59m NOK → 70.23m NOK (-13.9%). Net result +396.3k NOK → -15.44m NOK. Equity 203.3k NOK → -14.24m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGTUNNEL AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 81.59m NOK to 70.23m NOK (-13.9% YoY). Calculated
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Operating result weakened
Operating result +908.4k NOK → -15.11m NOK (op. margin 1.1% → -21.5%). Calculated
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Fell into a net loss
Net result flipped from 396.3k NOK profit to a loss of 15.44m NOK. Calculated
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Equity eroded
Book equity 203.3k NOK → -14.24m NOK (equity ratio 0.9% → -86.2%). Calculated
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Cash fell
Bank deposits 700.1k NOK → 469.8k NOK (-32.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -86.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.06m NOK → 526.5k NOK. Reported fact