3B AGRO AS: årsregnskap 2022 vs 2021
Grew 37% on revenue, weaker earnings
approved 2023-05-31; registry 2023-06-03; journal 2023 454661
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3B AGRO AS. Revenue 12.02m NOK → 16.46m NOK (+37.0%). Net result +865.7k NOK → +283.6k NOK. Equity 916.9k NOK → 200.4k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3B AGRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.02m NOK to 16.46m NOK (+37.0% YoY). Calculated
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↑
Operating result improved
Operating result +166.8k NOK → +1.75m NOK (op. margin 1.4% → 10.6%). Calculated
What deteriorated
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↓
Net result weakened
Net result +865.7k NOK → +283.6k NOK (net margin 7.2% → 1.7%). Calculated
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↓
Equity eroded
Book equity 916.9k NOK → 200.4k NOK (equity ratio 14.2% → 2.0%). Calculated
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↓
Cash fell
Bank deposits 452.4k NOK → 358.5k NOK (-20.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.26m NOK → 2.25m NOK (11% → 14% of revenue). Calculated
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COGS moved
COGS / varekostnad 8.32m NOK → 8.68m NOK (+4.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 175.0k NOK → 200 NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 2 → 4. Reported fact