AGRO TRADERS AS: årsregnskap 2021 vs 2020
Grew 73% on revenue, stronger earnings, cash halved-plus
approved 2022-03-11; registry 2022-03-19; journal 2022 150409
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGRO TRADERS AS. Revenue 11.45m NOK → 19.87m NOK (+73.5%). Net result +46.9k NOK → +1.73m NOK. Equity 3.61m NOK → 2.15m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGRO TRADERS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.45m NOK to 19.87m NOK (+73.5% YoY). Calculated
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Operating result improved
Operating result +222.0k NOK → +600.0k NOK (op. margin 1.9% → 3.0%). Calculated
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Net result improved
Net result +46.9k NOK → +1.73m NOK (net margin 0.4% → 8.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.61m NOK → 2.15m NOK (equity ratio 56.9% → 29.3%). Calculated
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Cash fell
Bank deposits 4.29m NOK → 1.22m NOK (-71.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.29m NOK → 1.22m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 1.06m NOK → 1.26m NOK (9% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 9.79m NOK → 16.32m NOK (+66.7% YoY). Calculated