AGRONOR AS: årsregnskap 2021 vs 2020
Shrank 54% on revenue, stronger earnings
approved 2022-03-13; registry 2022-06-18; journal 2022 450415
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGRONOR AS. Revenue 166.3k NOK → 76.5k NOK (-54.0%). Net result -673.4k NOK → -306.5k NOK. Equity 12.30m NOK → 9.99m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGRONOR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.01m NOK → -485.1k NOK (op. margin -606.8% → -633.7%). Calculated
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↑
Net result improved
Net result -673.4k NOK → -306.5k NOK (net margin -405.1% → -400.5%). Calculated
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↑
Payroll decreased
Salary cost 2.56m NOK → 2 259 NOK (1541% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 166.3k NOK to 76.5k NOK (-54.0% YoY). Calculated
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↓
Equity eroded
Book equity 12.30m NOK → 9.99m NOK (equity ratio 90.4% → 89.6%). Calculated
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↓
Cash fell
Bank deposits 12.08m NOK → 9.84m NOK (-18.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 35.3k NOK → 27.5k NOK (-22.2% YoY). Calculated