AGROPACK SCANDINAVIA AS: årsregnskap 2021 vs 2020
Shrank 99% on revenue, stronger earnings, cash halved-plus
approved 2022-01-15; registry 2022-04-04; journal 2022 185432
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGROPACK SCANDINAVIA AS. Revenue 985.5k NOK → 12.9k NOK (-98.7%). Net result -184.9k NOK → -19.7k NOK. Equity 312.8k NOK → 233.1k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AGROPACK SCANDINAVIA AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result -184.9k NOK → -19.7k NOK (net margin -18.8% → -152.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 985.5k NOK to 12.9k NOK (-98.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +203.5k NOK → -28.8k NOK (op. margin 20.6% → -222.7%). Calculated
-
↓
Equity eroded
Book equity 312.8k NOK → 233.1k NOK (equity ratio 42.3% → 36.1%). Calculated
-
↓
Cash fell
Bank deposits 336.8k NOK → 146.8k NOK (-56.4% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 709.3k NOK → 956.7k NOK (72% → 7409% of revenue). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 90.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation