AGRONOMEN AS: årsregnskap 2020 vs 2019
Shrank 31% on revenue, returned to profit
approved 2020-12-31; registry 2021-07-15; journal 2021 495269
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGRONOMEN AS. Revenue 262.2k NOK → 182.0k NOK (-30.6%). Net result -58.1k NOK → +102.0k NOK. Equity -66.0k NOK → 36.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRONOMEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -58.1k NOK → +105.3k NOK (op. margin -22.2% → 57.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 58.1k NOK to a profit of 102.0k NOK. Calculated
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↑
Equity strengthened
Book equity -66.0k NOK → 36.0k NOK (equity ratio -185.1% → 39.5%). Calculated
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↑
Cash rose
Bank deposits 32.9k NOK → 89.9k NOK (+173.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 1.65×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 262.2k NOK to 182.0k NOK (-30.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 90.2k NOK → 71.4k NOK (-20.8% YoY). Calculated