AGROQUIP AS: årsregnskap 2020 vs 2019
Grew 59% on revenue, weaker earnings, fresh owner capital
registry 2021-11-03; journal 2021 894204
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGROQUIP AS. Revenue 14.32m NOK → 22.71m NOK (+58.5%). Net result +854.7k NOK → +68.0k NOK. Equity -1.20m NOK → -1.00m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGROQUIP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.32m NOK to 22.71m NOK (+58.5% YoY). Calculated
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↑
Equity strengthened
Book equity -1.20m NOK → -1.00m NOK (equity ratio -59.0% → -13.7%). Calculated
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↑
Cash rose
Bank deposits 36.1k NOK → 2.16m NOK (+5882.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 19.3k NOK → 730.0k NOK (+710.7k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +1.02m NOK → +221.1k NOK (op. margin 7.1% → 1.0%). Calculated
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↓
Net result weakened
Net result +854.7k NOK → +68.0k NOK (net margin 6.0% → 0.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 807.8k NOK → 949.6k NOK (6% → 4% of revenue). Calculated
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COGS moved
COGS / varekostnad 11.84m NOK → 20.80m NOK (+75.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 37.5k NOK → 60.0k NOK. Reported fact