AGROØST AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, weaker earnings
approved 2020-07-02; registry 2020-07-14; journal 2020 572887
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGROØST AS. Revenue 2.82m NOK → 2.64m NOK (-6.4%). Net result +69.4k NOK → +10.7k NOK. Equity -34.8k NOK → -24.0k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGROØST AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -34.8k NOK → -24.0k NOK (equity ratio -3.2% → -2.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.82m NOK to 2.64m NOK (-6.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +108.5k NOK → +50.6k NOK (op. margin 3.8% → 1.9%). Calculated
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↓
Net result weakened
Net result +69.4k NOK → +10.7k NOK (net margin 2.5% → 0.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 705.8k NOK → 711.8k NOK (25% → 27% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 455.8k NOK → 275.3k NOK (-39.6% YoY). Calculated