AGROTEKNIKK HANDEL IMPORT NORGE AS: årsregnskap 2019 vs 2018
Shrank 11% on revenue, weaker earnings
approved 2020-04-30; registry 2020-06-02; journal 2020 380594
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGROTEKNIKK HANDEL IMPORT NORGE AS. Revenue 5.80m NOK → 5.17m NOK (-10.8%). Net result +115.8k NOK → +49.8k NOK. Equity 579.5k NOK → 629.4k NOK.
On the constructive side: equity strengthened; payroll decreased. 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 AGROTEKNIKK HANDEL IMPORT NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 579.5k NOK → 629.4k NOK (equity ratio 20.0% → 25.0%). Calculated
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↑
Payroll decreased
Salary cost 2.23m NOK → 2.01m NOK (39% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.80m NOK to 5.17m NOK (-10.8% YoY). Calculated
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↓
Operating result weakened
Operating result +206.9k NOK → +122.1k NOK (op. margin 3.6% → 2.4%). Calculated
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↓
Net result weakened
Net result +115.8k NOK → +49.8k NOK (net margin 2.0% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 81.3k NOK → 74.0k NOK (-9.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.47m NOK → 1.33m NOK (-9.3% YoY). Calculated