AGUL HOLDING AS: årsregnskap 2021 vs 2020
Returned to profit, cash halved-plus
approved 2022-03-11; registry 2022-03-16; journal 2022 146467
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGUL HOLDING AS. Revenue 362.5k NOK → 377.1k NOK (+4.0%). Net result -62.4k NOK → +223.7k NOK. Equity 12.16m NOK → 381.1k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGUL HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 362.5k NOK to 377.1k NOK (+4.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 62.4k NOK to a profit of 223.7k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +32.5k NOK → -86.8k NOK (op. margin 9.0% → -23.0%). Calculated
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↓
Equity eroded
Book equity 12.16m NOK → 381.1k NOK (equity ratio 163.5% → 4.5%). Calculated
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↓
Cash fell
Bank deposits 83.6k NOK → 40.2k NOK (-51.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation