Org.nr 922 949 964 2019 → 2020 Year-over-year analysis

AGRAS AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-05-29; registry 2021-09-27; journal 2021 817745

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AGRAS AS. Net result +1 349 NOK → -120.1k NOK. Equity 41.3k NOK → -78.9k NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRAS AS.

At a glance

Revenue

0 NOK n/m

—

Operating result

-3 937 NOK -154.0k NOK

-3812.1%

Net result

+1 349 NOK -120.1k NOK

-9005.1%

Equity

41.3k NOK -78.9k NOK

-291.0%

Cash

38.5k NOK 21.7k NOK

-43.7%

Total assets

43.8k NOK 435.8k NOK

+895.7%

↓
Operating result weakened

Operating result -3 937 NOK → -154.0k NOK. Calculated
↓
Fell into a net loss

Net result flipped from 1 349 NOK profit to a loss of 120.1k NOK. Calculated
↓
Equity eroded

Book equity 41.3k NOK → -78.9k NOK (equity ratio 94.3% → -18.1%). Calculated
↓
Cash fell

Bank deposits 38.5k NOK → 21.7k NOK (-43.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is -18.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation