AGRI-NORD AS: årsregnskap 2020 vs 2019
Shrank 85% on revenue, slipped into loss, cash halved-plus
approved 2021-04-26; registry 2021-08-02; journal 2021 601684
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRI-NORD AS. Revenue 5.97m NOK → 905.8k NOK (-84.8%). Net result 0 NOK → -343.3k NOK. Equity 485.3k NOK → 13.14m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGRI-NORD AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 485.3k NOK → 13.14m NOK (equity ratio 47.9% → 2482.1%). Calculated
-
↑
Payroll decreased
Salary cost 38.9k NOK → 28.4k NOK (1% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.97m NOK to 905.8k NOK (-84.8% YoY). Calculated
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↓
Operating result weakened
Operating result 0 NOK → -355.4k NOK (op. margin 0.0% → -39.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 343.3k NOK. Calculated
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↓
Cash fell
Bank deposits 35.7k NOK → -104.6k NOK (-393.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.45m NOK → 289.6k NOK (-93.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 46.0k NOK. Reported fact