AGRITRADE AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings
approved 2021-04-06; registry 2021-04-10; journal 2021 190764
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRITRADE AS. Revenue 445.0k NOK → 445 NOK (-99.9%). Net result -294.8k NOK → -1.83m NOK. Equity 737.5k NOK → 161.9k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
445.0k NOK
445 NOK
-99.9%
Operating result
n/m
-1.71m NOK
—
Net result
-294.8k NOK
-1.83m NOK
-519.3%
Equity
737.5k NOK
161.9k NOK
-78.1%
Cash
n/m
2 594 NOK
—
Total assets
2.39m NOK
616.3k NOK
-74.2%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 445.0k NOK to 445 NOK (-99.9% YoY). Calculated
-
↓
Net result weakened
Net result -294.8k NOK → -1.83m NOK (net margin -66.2% → -410247.9%). Calculated
-
↓
Equity eroded
Book equity 737.5k NOK → 161.9k NOK (equity ratio 30.8% → 26.3%). Calculated
-
↓
COGS moved
COGS / varekostnad 565.5k NOK → 690.6k NOK (+22.1% YoY). Calculated