AGRO BYGG & TEKNIKK AS: årsregnskap 2020 vs 2019
Grew 6% on revenue, stronger earnings
approved 2021-04-23; registry 2021-05-27; journal 2021 329625
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRO BYGG & TEKNIKK AS. Revenue 3.91m NOK → 4.13m NOK (+5.5%). Net result +465.7k NOK → +563.3k NOK. Equity 154.1k NOK → 117.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AGRO BYGG & TEKNIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.91m NOK to 4.13m NOK (+5.5% YoY). Calculated
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Operating result improved
Operating result +595.0k NOK → +720.4k NOK (op. margin 15.2% → 17.4%). Calculated
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Net result improved
Net result +465.7k NOK → +563.3k NOK (net margin 11.9% → 13.6%). Calculated
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Cash rose
Bank deposits 517.6k NOK → 645.6k NOK (+24.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 154.1k NOK → 117.4k NOK (equity ratio 14.4% → 9.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.25m NOK → 2.39m NOK (+6.2% YoY). Calculated