AGROIT AS: årsregnskap 2020 vs 2019
Grew 21% on revenue, weaker earnings
approved 2021-02-26; registry 2021-03-01; journal 2021 131568
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGROIT AS. Revenue 51.0k NOK → 61.6k NOK (+20.9%). Net result +33.2k NOK → +19.3k NOK. Equity -62.2k NOK → -42.9k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 51.0k NOK to 61.6k NOK (+20.9% YoY). Calculated
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↑
Equity strengthened
Book equity -62.2k NOK → -42.9k NOK (equity ratio -66.7% → -33.0%). Calculated
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↑
Cash rose
Bank deposits 26.3k NOK → 109.6k NOK (+317.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 33.2k NOK → 658 NOK (65% → 1% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +42.6k NOK → +24.8k NOK (op. margin 83.5% → 40.2%). Calculated
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↓
Net result weakened
Net result +33.2k NOK → +19.3k NOK (net margin 65.1% → 31.4%). Calculated