AGWI RENHOLD AS: årsregnskap 2020 vs 2019
Grew 26% on revenue, weaker earnings
approved 2021-06-30; registry 2021-07-19; journal 2021 581106
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGWI RENHOLD AS. Revenue 2.57m NOK → 3.24m NOK (+26.3%). Net result +83.6k NOK → +33.4k NOK. Equity 73.8k NOK → 107.1k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGWI RENHOLD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.57m NOK to 3.24m NOK (+26.3% YoY). Calculated
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↑
Equity strengthened
Book equity 73.8k NOK → 107.1k NOK (equity ratio 10.8% → 12.7%). Calculated
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↑
Cash rose
Bank deposits 427.9k NOK → 469.4k NOK (+9.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +117.7k NOK → +54.7k NOK (op. margin 4.6% → 1.7%). Calculated
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↓
Net result weakened
Net result +83.6k NOK → +33.4k NOK (net margin 3.3% → 1.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.09m NOK → 2.72m NOK (81% → 84% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 503 NOK → 6 766 NOK (+1245.1% YoY). Calculated