AGRITRADE AS: årsregnskap 2021 vs 2020
Grew 389782% on revenue, returned to profit, cash halved-plus
approved 2022-04-21; registry 2022-04-25; journal 2022 218112
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGRITRADE AS. Revenue 445 NOK → 1.73m NOK (+389782.2%). Net result -1.83m NOK → +102.5k NOK. Equity 161.9k NOK → 723.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGRITRADE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 445 NOK to 1.73m NOK (+389782.2% YoY). Calculated
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Operating result improved
Operating result -1.71m NOK → +189.9k NOK (op. margin -383646.3% → 10.9%). Calculated
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Turned profitable
Net result flipped from a loss of 1.83m NOK to a profit of 102.5k NOK. Calculated
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Equity strengthened
Book equity 161.9k NOK → 723.4k NOK (equity ratio 26.3% → 402.4%). Calculated
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Owners injected capital
Paid-in equity rose 30.0k NOK → 489.0k NOK (+459.0k NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 2 594 NOK → 150 NOK (-94.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.36× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 690.6k NOK → 1.40m NOK (+102.4% YoY). Calculated