AGN RØR AS: årsregnskap 2021 vs 2020
Grew 27% on revenue, stronger earnings
approved 2022-07-12; registry 2022-07-18; journal 2022 727186
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGN RØR AS. Revenue 3.87m NOK → 4.93m NOK (+27.3%). Net result +74.1k NOK → +351.7k NOK. Equity 687.5k NOK → 39.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGN RØR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.87m NOK to 4.93m NOK (+27.3% YoY). Calculated
-
↑
Operating result improved
Operating result +87.2k NOK → +460.0k NOK (op. margin 2.3% → 9.3%). Calculated
-
↑
Net result improved
Net result +74.1k NOK → +351.7k NOK (net margin 1.9% → 7.1%). Calculated
-
↑
Cash rose
Bank deposits 67.3k NOK → 316.5k NOK (+370.4% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 687.5k NOK → 39.1k NOK (equity ratio 65.8% → 2.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.14× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 1.52m NOK → 2.41m NOK (+58.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 169.1k NOK → 70.6k NOK. Reported fact