AGRA AS: årsregnskap 2019 vs 2018
Grew 1163895% on revenue, weaker earnings, cash halved-plus
approved 2020-05-13; registry 2020-08-04; journal 2020 645631
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGRA AS. Revenue 353.9k NOK → 4.12bn NOK (+1163894.9%). Net result +469.6k NOK → +300.0k NOK. Equity 2.43bn NOK → 2.67bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for AGRA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 353.9k NOK to 4.12bn NOK (+1163894.9% YoY). Calculated
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↑
Equity strengthened
Book equity 2.43bn NOK → 2.67bn NOK (equity ratio 86.6% → 88.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -5.57m NOK → -6.08m NOK (op. margin -1574.7% → -0.1%). Calculated
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↓
Net result weakened
Net result +469.6k NOK → +300.0k NOK (net margin 132.7% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 138.85m NOK → 288.7k NOK (-99.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (138.85m NOK → 288.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 12.83m NOK → 12.86m NOK (3625% → 0% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.65bn NOK → 701.9k NOK (-100.0% YoY). Calculated