AGRIRØR AS: årsregnskap 2020 vs 2019
Grew 473% on revenue, stronger earnings
approved 2021-05-06; registry 2021-05-10; journal 2021 276172
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRIRØR AS. Revenue 544.7k NOK → 3.12m NOK (+472.8%). Net result +1.21m NOK → +6.23m NOK. Equity 1.17m NOK → 1.41m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGRIRØR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 544.7k NOK to 3.12m NOK (+472.8% YoY). Calculated
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↑
Net result improved
Net result +1.21m NOK → +6.23m NOK (net margin 221.3% → 199.7%). Calculated
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↑
Equity strengthened
Book equity 1.17m NOK → 1.41m NOK (equity ratio 45.0% → 62.2%). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 2.33×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.68m NOK → +317.5k NOK (op. margin 308.3% → 10.2%). Calculated
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↓
Cash fell
Bank deposits 941.2k NOK → 869.1k NOK (-7.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 483.9k NOK → 767.6k NOK (89% → 25% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.73m NOK → 1.41m NOK (-18.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 390.0k NOK → 401.2k NOK. Reported fact