AGRI MASKINER AS: årsregnskap 2020 vs 2019
Grew 3319% on revenue, stronger earnings
approved 2021-05-21; registry 2021-05-31; journal 2021 352047
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRI MASKINER AS. Revenue 81.7k NOK → 2.80m NOK (+3319.5%). Net result -351.8k NOK → -255.1k NOK. Equity -262.3k NOK → -517.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AGRI MASKINER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 81.7k NOK to 2.80m NOK (+3319.5% YoY). Calculated
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↑
Operating result improved
Operating result -289.5k NOK → -142.7k NOK (op. margin -354.1% → -5.1%). Calculated
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↑
Net result improved
Net result -351.8k NOK → -255.1k NOK (net margin -430.3% → -9.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -262.3k NOK → -517.5k NOK (equity ratio -10.5% → -19.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 904.90× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 140.4k NOK → 865.0k NOK (+516.1% YoY). Calculated