ARGEO ASA: årsregnskap 2020 vs 2019
Grew 309% on revenue, stronger earnings, cash halved-plus
approved 2021-04-20; registry 2021-06-14; journal 2021 305592
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ARGEO ASA. Revenue 3.14m NOK → 12.83m NOK (+309.3%). Net result -146.4k NOK → -47.8k NOK. Equity 7.09m NOK → 7.04m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.14m NOK to 12.83m NOK (+309.3% YoY). Calculated
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Operating result improved
Operating result -189.8k NOK → -62.5k NOK (op. margin -6.1% → -0.5%). Calculated
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Net result improved
Net result -146.4k NOK → -47.8k NOK (net margin -4.7% → -0.4%). Calculated
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Payroll decreased
Salary cost 3.11m NOK → 3 114 NOK (99% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 7.09m NOK → 7.04m NOK (equity ratio 99.9% → 100.1%). Calculated
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↓
Cash fell
Bank deposits 987.1k NOK → 54.1k NOK (-94.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 91.32× → -180.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated