AGRAF AS: årsregnskap 2021 vs 2020
Shrank 45% on revenue, cash halved-plus
approved 2022-06-30; registry 2022-08-04; journal 2022 788028
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGRAF AS. Revenue 1.62m NOK → 892.3k NOK (-45.0%). Net result -409.9k NOK → -383.1k NOK. Equity 2.86m NOK → 2.48m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGRAF AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -705.3k NOK → -29.5k NOK (op. margin -43.4% → -3.3%). Calculated
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Net result improved
Net result -409.9k NOK → -383.1k NOK (net margin -25.2% → -42.9%). Calculated
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Payroll decreased
Salary cost 736.2k NOK → 716.7k NOK (45% → 80% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.62m NOK to 892.3k NOK (-45.0% YoY). Calculated
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Equity eroded
Book equity 2.86m NOK → 2.48m NOK (equity ratio 73.3% → 90.4%). Calculated
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Cash fell
Bank deposits 1.68m NOK → 665.1k NOK (-60.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.68m NOK → 665.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 1.03m NOK → 18.6k NOK (-98.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 152.7k NOK → 47.6k NOK. Reported fact