Org.nr 976 820 630 2018 → 2019 Year-over-year analysis

AGRONOR AS: årsregnskap 2019 vs 2018

Shrank 93% on revenue

approved 2020-03-07; registry 2020-06-16; journal 2020 444688

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AGRONOR AS. Revenue 15.79m NOK → 1.06m NOK (-93.3%). Equity 14.49m NOK → 13.97m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRONOR AS.

At a glance

Revenue

15.79m NOK 1.06m NOK

-93.3%

Operating result

+8.71m NOK -872.0k NOK

-110.0%

Net result

n/m -517.9k NOK

—

Equity

14.49m NOK 13.97m NOK

-3.6%

Cash

12.33m NOK 13.85m NOK

+12.4%

Total assets

18.24m NOK 15.57m NOK

-14.7%

↑
Cash rose

Bank deposits 12.33m NOK → 13.85m NOK (+12.4% YoY). Calculated
↑
Payroll decreased

Salary cost 2.73m NOK → 8 321 NOK (17% → 1% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 15.79m NOK to 1.06m NOK (-93.3% YoY). Calculated
↓
Operating result weakened

Operating result +8.71m NOK → -872.0k NOK (op. margin 55.2% → -81.9%). Calculated
↓
Equity eroded

Book equity 14.49m NOK → 13.97m NOK (equity ratio 79.4% → 89.8%). Calculated