AGRAF AS: årsregnskap 2019 vs 2018
Shrank 48% on revenue, stronger earnings, cash halved-plus
approved 2020-04-30; registry 2020-06-11; journal 2020 422728
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGRAF AS. Revenue 4.64m NOK → 2.43m NOK (-47.6%). Net result -495.7k NOK → -128.6k NOK. Equity 3.40m NOK → 3.27m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRAF AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -495.7k NOK → -128.6k NOK (net margin -10.7% → -5.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.64m NOK to 2.43m NOK (-47.6% YoY). Calculated
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↓
Equity eroded
Book equity 3.40m NOK → 3.27m NOK (equity ratio 77.9% → 68.1%). Calculated
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↓
Cash fell
Bank deposits 968.2k NOK → 413.7k NOK (-57.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.06m NOK → 2.54m NOK (23% → 104% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.01m NOK → 1.60m NOK (-46.9% YoY). Calculated