AGRAF AS: årsregnskap 2020 vs 2019
Shrank 33% on revenue, weaker earnings
approved 2021-08-31; registry 2021-10-19; journal 2021 835552
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRAF AS. Revenue 2.43m NOK → 1.62m NOK (-33.2%). Net result -128.6k NOK → -409.9k NOK. Equity 3.27m NOK → 2.86m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
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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↑
Cash rose
Bank deposits 413.7k NOK → 1.68m NOK (+304.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.54m NOK → 736.2k NOK (104% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.43m NOK to 1.62m NOK (-33.2% YoY). Calculated
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↓
Operating result weakened
Operating result -414.7k NOK → -705.3k NOK (op. margin -17.1% → -43.4%). Calculated
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↓
Net result weakened
Net result -128.6k NOK → -409.9k NOK (net margin -5.3% → -25.2%). Calculated
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↓
Equity eroded
Book equity 3.27m NOK → 2.86m NOK (equity ratio 68.1% → 73.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.60m NOK → 1.03m NOK (-35.7% YoY). Calculated