AGROLINK AS: årsregnskap 2019 vs 2018
Grew 43% on revenue, weaker earnings
approved 2020-05-29; registry 2020-06-17; journal 2020 447319
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGROLINK AS. Revenue 5.35m NOK → 7.64m NOK (+42.7%). Net result +6.22m NOK → +500.6k NOK. Equity 5.34m NOK → 5.84m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AGROLINK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.35m NOK to 7.64m NOK (+42.7% YoY). Calculated
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↑
Equity strengthened
Book equity 5.34m NOK → 5.84m NOK (equity ratio 34.5% → 37.1%). Calculated
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↑
Cash rose
Bank deposits 420.3k NOK → 614.4k NOK (+46.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +6.22m NOK → +500.6k NOK (net margin 116.2% → 6.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.31m NOK → 3.04m NOK (24% → 40% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.11m NOK → 182.1k NOK (-83.6% YoY). Calculated