AGRI AS: årsregnskap 2019 vs 2018
Shrank 60% on revenue, slipped into loss, cash halved-plus
approved 2020-03-01; registry 2020-09-02; journal 2020 730696
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGRI AS. Revenue 515.3k NOK → 205.2k NOK (-60.2%). Net result +961.4k NOK → -101.9k NOK. Equity 1.48m NOK → 1.38m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGRI AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 515.3k NOK to 205.2k NOK (-60.2% YoY). Calculated
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Operating result weakened
Operating result +1.25m NOK → +117.4k NOK (op. margin 242.3% → 57.2%). Calculated
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Fell into a net loss
Net result flipped from 961.4k NOK profit to a loss of 101.9k NOK. Calculated
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Equity eroded
Book equity 1.48m NOK → 1.38m NOK (equity ratio 193.2% → 94.7%). Calculated
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Cash fell
Bank deposits 607.59m NOK → 303.4k NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (607.59m NOK → 303.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 1 157 NOK → 4.96m NOK. Reported fact