AGROVIN AS: årsregnskap 2020 vs 2019
Grew 20% on revenue, returned to profit
approved 2021-04-15; registry 2021-08-23; journal 2021 665462
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGROVIN AS. Revenue 4.50m NOK → 5.41m NOK (+20.3%). Net result -515.4k NOK → +523.1k NOK. Equity 4.55m NOK → 5.07m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AGROVIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.50m NOK to 5.41m NOK (+20.3% YoY). Calculated
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↑
Operating result improved
Operating result -637.3k NOK → +688.5k NOK (op. margin -14.2% → 12.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 515.4k NOK to a profit of 523.1k NOK. Calculated
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Equity strengthened
Book equity 4.55m NOK → 5.07m NOK (equity ratio 58.8% → 68.7%). Calculated
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↑
Cash rose
Bank deposits 2 854 NOK → 40.1k NOK (+1304.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 3.58× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 485.9k NOK → 728.5k NOK (11% → 13% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 945.3k NOK → 691.9k NOK (-26.8% YoY). Calculated