AGROMATIC AS: årsregnskap 2022 vs 2021
Grew 9% on revenue, stronger earnings
approved 2023-06-30; registry 2023-07-10; journal 2023 567105
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AGROMATIC AS. Revenue 5.13m NOK → 5.57m NOK (+8.6%). Net result +87.5k NOK → +454.0k NOK. Equity 987.6k NOK → 78.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AGROMATIC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.13m NOK to 5.57m NOK (+8.6% YoY). Calculated
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Operating result improved
Operating result +107.6k NOK → +567.0k NOK (op. margin 2.1% → 10.2%). Calculated
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Net result improved
Net result +87.5k NOK → +454.0k NOK (net margin 1.7% → 8.2%). Calculated
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Cash rose
Bank deposits 1.74m NOK → 2.23m NOK (+28.2% YoY). Calculated
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Payroll decreased
Salary cost 2.36m NOK → 2.32m NOK (46% → 42% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 987.6k NOK → 78.5k NOK (equity ratio 51.3% → 3.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 1.60m NOK → 1.71m NOK (+7.3% YoY). Calculated