AGRAF HOLDING AS: årsregnskap 2020 vs 2019
Shrank 79% on revenue, weaker earnings, cash halved-plus
approved 2021-08-31; registry 2021-09-30; journal 2021 834428
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRAF HOLDING AS. Revenue 2.43m NOK → 504.8k NOK (-79.2%). Net result +2.14m NOK → +217.9k NOK. Equity 12.40m NOK → 12.62m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGRAF HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 12.40m NOK → 12.62m NOK (equity ratio 89.8% → 44.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.43m NOK to 504.8k NOK (-79.2% YoY). Calculated
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↓
Operating result weakened
Operating result +1.97m NOK → -184.3k NOK (op. margin 81.2% → -36.5%). Calculated
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↓
Net result weakened
Net result +2.14m NOK → +217.9k NOK (net margin 88.1% → 43.2%). Calculated
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↓
Cash fell
Bank deposits 524.4k NOK → 135.3k NOK (-74.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 14.85× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 7.70m NOK → 18.66m NOK. Reported fact