AGW HOLDING AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-05-12; registry 2021-07-06; journal 2021 448685
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGW HOLDING AS. Net result +1.03m NOK → +1.65m NOK. Equity 3.95m NOK → 3 NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGW HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +1.03m NOK → +1.65m NOK. Calculated
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↑
Cash rose
Bank deposits 35.1k NOK → 1.01m NOK (+2770.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.90× → 293.33×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -22.4k NOK → -36.6k NOK. Calculated
-
↓
Equity eroded
Book equity 3.95m NOK → 3 NOK (equity ratio 650.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 15.0k NOK → -1.05m NOK. Reported fact