AGRITRADE AS: årsregnskap 2019 vs 2018
Shrank 24% on revenue, weaker earnings
approved 2020-08-28; registry 2020-09-28; journal 2020 880034
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGRITRADE AS. Revenue 586.4k NOK → 445.0k NOK (-24.1%). Net result -90.3k NOK → -294.8k NOK. Equity 1.03m NOK → 737.5k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
586.4k NOK
445.0k NOK
-24.1%
Operating result
+56.0k NOK
n/m
—
Net result
-90.3k NOK
-294.8k NOK
-226.3%
Equity
1.03m NOK
737.5k NOK
-28.6%
Total assets
2.87m NOK
2.39m NOK
-16.8%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 586.4k NOK to 445.0k NOK (-24.1% YoY). Calculated
-
↓
Net result weakened
Net result -90.3k NOK → -294.8k NOK (net margin -15.4% → -66.2%). Calculated
-
↓
Equity eroded
Book equity 1.03m NOK → 737.5k NOK (equity ratio 35.9% → 30.8%). Calculated
-
↓
COGS moved
COGS / varekostnad 445.6k NOK → 565.5k NOK (+26.9% YoY). Calculated