AGROQUIP AS: årsregnskap 2022 vs 2021
Shrank 34% on revenue, weaker earnings, cash halved-plus
approved 2023-06-30; registry 2023-08-02; journal 2023 636980
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AGROQUIP AS. Revenue 32.13m NOK → 21.12m NOK (-34.3%). Net result +148.1k NOK → +13.9k NOK. Equity -856.4k NOK → -842.5k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGROQUIP AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -856.4k NOK → -842.5k NOK (equity ratio -16.9% → -16.5%). Calculated
-
↑
Payroll decreased
Salary cost 896.6k NOK → 830.2k NOK (3% → 4% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 32.13m NOK to 21.12m NOK (-34.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +222.0k NOK → -138.3k NOK (op. margin 0.7% → -0.7%). Calculated
-
↓
Net result weakened
Net result +148.1k NOK → +13.9k NOK (net margin 0.5% → 0.1%). Calculated
-
↓
Cash fell
Bank deposits 433.9k NOK → 22.3k NOK (-94.9% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 29.23m NOK → 18.21m NOK (-37.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 60.0k NOK → 600.0k NOK. Reported fact