AGRIC AS: årsregnskap 2020 vs 2019
Shrank 31% on revenue, weaker earnings, fresh owner capital
approved 2021-08-25; registry 2021-10-04; journal 2021 769521
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRIC AS. Revenue 677.0k NOK → 466.7k NOK (-31.1%). Net result -716.2k NOK → -1.18m NOK. Equity -601.8k NOK → -1.09m NOK.
On the constructive side: cash rose; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 76.1k NOK → 687.7k NOK (+803.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.12× → 5.49×. Calculated
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↑
Owners injected capital
Paid-in equity rose 114.4k NOK → 813.9k NOK (+699.5k NOK). Reported fact
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↑
Payroll decreased
Salary cost 2.62m NOK → 613.4k NOK (387% → 131% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 677.0k NOK to 466.7k NOK (-31.1% YoY). Calculated
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↓
Operating result weakened
Operating result -695.7k NOK → -1.16m NOK (op. margin -102.8% → -248.2%). Calculated
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↓
Net result weakened
Net result -716.2k NOK → -1.18m NOK (net margin -105.8% → -253.6%). Calculated
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↓
Equity eroded
Book equity -601.8k NOK → -1.09m NOK (equity ratio -743.5% → -97.3%). Calculated