AGRO IMPORT AS: årsregnskap 2020 vs 2019
Shrank 59% on revenue, weaker earnings
approved 2021-03-05; registry 2021-03-13; journal 2021 147146
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRO IMPORT AS. Revenue 2.03m NOK → 828.8k NOK (-59.2%). Net result +264.0k NOK → +35.8k NOK. Equity 11.16m NOK → 11.19m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRO IMPORT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 11.16m NOK → 11.19m NOK (equity ratio 2422.9% → 3236.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.03m NOK to 828.8k NOK (-59.2% YoY). Calculated
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↓
Operating result weakened
Operating result +324.0k NOK → +58.8k NOK (op. margin 16.0% → 7.1%). Calculated
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↓
Net result weakened
Net result +264.0k NOK → +35.8k NOK (net margin 13.0% → 4.3%). Calculated
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↓
Cash fell
Bank deposits 244.6k NOK → 133.6k NOK (-45.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 869.7k NOK → 592.9k NOK (-31.8% YoY). Calculated