AGVA KRAFT AS: årsregnskap 2020 vs 2019
Grew 2124% on revenue, stronger earnings, cash halved-plus
approved 2021-08-30; registry 2021-10-23; journal 2021 855242
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGVA KRAFT AS. Revenue 276.15m NOK → 6.14bn NOK (+2123.7%). Net result +6.76m NOK → +19.88m NOK. Equity -9.70m NOK → 10.18m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGVA KRAFT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 276.15m NOK to 6.14bn NOK (+2123.7% YoY). Calculated
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Operating result improved
Operating result +8.93m NOK → +26.99m NOK (op. margin 3.2% → 0.4%). Calculated
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Net result improved
Net result +6.76m NOK → +19.88m NOK (net margin 2.4% → 0.3%). Calculated
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Equity strengthened
Book equity -9.70m NOK → 10.18m NOK (equity ratio -16.4% → 19.6%). Calculated
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Current ratio back above 1×
Current ratio 0.84× → 1.24×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 25.31m NOK → 6.90m NOK (-72.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (25.31m NOK → 6.90m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 226.99m NOK → 77.65m NOK (-65.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 35.26m NOK. Reported fact