Org.nr 996 735 664 2019 → 2020 Year-over-year analysis

AGROTECH PRODUCTION AS: årsregnskap 2020 vs 2019

Shrank 34% on revenue, stronger earnings

approved 2021-05-20; registry 2021-07-22; journal 2021 523422

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AGROTECH PRODUCTION AS. Revenue 52.36m NOK → 34.57m NOK (-34.0%). Net result -4.58m NOK → -1.58m NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell.

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

At a glance

Revenue

52.36m NOK 34.57m NOK

-34.0%

Operating result

-3.41m NOK -1.22m NOK

+64.3%

Net result

-4.58m NOK -1.58m NOK

+65.6%

Equity

13 NOK n/m

—

Cash

1.84m NOK 2.35m NOK

+27.7%

Total assets

4.66m NOK 4.39m NOK

-5.6%

↑
Operating result improved

Operating result -3.41m NOK → -1.22m NOK (op. margin -6.5% → -3.5%). Calculated
↑
Net result improved

Net result -4.58m NOK → -1.58m NOK (net margin -8.7% → -4.6%). Calculated
↑
Cash rose

Bank deposits 1.84m NOK → 2.35m NOK (+27.7% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 52.36m NOK to 34.57m NOK (-34.0% YoY). Calculated

·
COGS fell

COGS / varekostnad 49.55m NOK → 33.70m NOK (-32.0% YoY). Calculated