AGRIMEX AS: årsregnskap 2020 vs 2019
Shrank 16% on revenue, weaker earnings
registry 2021-06-28; journal 2021 422581
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRIMEX AS. Revenue 1.48m NOK → 1.25m NOK (-15.6%). Net result +178.7k NOK → +53.6k NOK. Equity 849.2k NOK → 11.90m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRIMEX AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 849.2k NOK → 11.90m NOK (equity ratio 56.3% → 961.4%). Calculated
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↑
Cash rose
Bank deposits 52.3k NOK → 75.1k NOK (+43.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.48m NOK to 1.25m NOK (-15.6% YoY). Calculated
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↓
Operating result weakened
Operating result +235.9k NOK → +77.3k NOK (op. margin 16.0% → 6.2%). Calculated
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↓
Net result weakened
Net result +178.7k NOK → +53.6k NOK (net margin 12.1% → 4.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 987.1k NOK → 876.9k NOK (-11.2% YoY). Calculated