AGRIC AS: årsregnskap 2021 vs 2020
Grew 44% on revenue, cash halved-plus
approved 2022-06-30; registry 2022-07-13; journal 2022 638357
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGRIC AS. Revenue 466.7k NOK → 670.1k NOK (+43.6%). Net result -1.18m NOK → -1.13m NOK. Equity -1.09m NOK → -1.44m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AGRIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 466.7k NOK to 670.1k NOK (+43.6% YoY). Calculated
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↑
Operating result improved
Operating result -1.16m NOK → -1.13m NOK (op. margin -248.2% → -169.2%). Calculated
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Payroll decreased
Salary cost 613.4k NOK → 499.2k NOK (131% → 74% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -1.09m NOK → -1.44m NOK (equity ratio -97.3% → -218.2%). Calculated
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↓
Cash fell
Bank deposits 687.7k NOK → 252.5k NOK (-63.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -218.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 813.9k NOK → 588.9k NOK — check capital reduction, conversion, or reclassification. Interpretation