AGROTRADE AS: årsregnskap 2019 vs 2018
Shrank 18% on revenue
approved 2020-08-17; registry 2020-08-29; journal 2020 713201
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGROTRADE AS. Revenue 2.39m NOK → 1.97m NOK (-17.6%). Net result +238.0k NOK → +271.4k NOK. Equity 1.42m NOK → 1.69m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +313.1k NOK → +347.7k NOK (op. margin 13.1% → 17.7%). Calculated
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↑
Net result improved
Net result +238.0k NOK → +271.4k NOK (net margin 10.0% → 13.8%). Calculated
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↑
Equity strengthened
Book equity 1.42m NOK → 1.69m NOK (equity ratio 78.6% → 83.9%). Calculated
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Cash rose
Bank deposits 229.5k NOK → 450.4k NOK (+96.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.39m NOK to 1.97m NOK (-17.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.72× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 463.1k NOK → 891.7k NOK (+92.5% YoY). Calculated