AGRITEKNIKK HOLDING AS: årsregnskap 2020 vs 2019
Grew 28% on revenue, returned to profit
approved 2021-08-20; registry 2021-09-08; journal 2021 684690
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRITEKNIKK HOLDING AS. Revenue 6.06m NOK → 7.75m NOK (+27.9%). Net result -42.7k NOK → +200.7k NOK. Equity 2.23m NOK → 2.43m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGRITEKNIKK HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.06m NOK to 7.75m NOK (+27.9% YoY). Calculated
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↑
Operating result improved
Operating result -17.0k NOK → +258.7k NOK (op. margin -0.3% → 3.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 42.7k NOK to a profit of 200.7k NOK. Calculated
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↑
Equity strengthened
Book equity 2.23m NOK → 2.43m NOK (equity ratio 48.8% → 47.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 34.2k NOK → 27.2k NOK (-20.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 669.0k NOK → 772.0k NOK (11% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.70m NOK → 6.20m NOK (+31.8% YoY). Calculated