AGRON CORPORATE AS: årsregnskap 2019 vs 2018
Grew 349% on revenue, returned to profit
approved 2020-08-30; registry 2020-09-10; journal 2020 786580
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGRON CORPORATE AS. Revenue 100.0k NOK → 449.2k NOK (+349.2%). Net result -259.6k NOK → +288.2k NOK. Equity 11.96m NOK → 580.9k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGRON CORPORATE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 100.0k NOK to 449.2k NOK (+349.2% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 259.6k NOK to a profit of 288.2k NOK. Calculated
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↑
Cash rose
Bank deposits 38.3k NOK → 114.8k NOK (+200.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.96m NOK → 580.9k NOK (equity ratio 853.3% → 60.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.51× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 295.4k NOK → 523.7k NOK. Reported fact