AGROSERVICE AS: årsregnskap 2021 vs 2020
Grew 17% on revenue, slipped into loss
approved 2022-06-29; registry 2022-07-21; journal 2022 683828
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGROSERVICE AS. Revenue 35.40m NOK → 41.48m NOK (+17.2%). Net result +876.0k NOK → -1.00m NOK. Equity 2.42m NOK → 1.42m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGROSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 35.40m NOK to 41.48m NOK (+17.2% YoY). Calculated
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↑
Cash rose
Bank deposits 272.9k NOK → 332.8k NOK (+21.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +478.6k NOK → -789.2k NOK (op. margin 1.4% → -1.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 876.0k NOK profit to a loss of 1.00m NOK. Calculated
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↓
Equity eroded
Book equity 2.42m NOK → 1.42m NOK (equity ratio 21.7% → 9.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 7.97m NOK → 10.09m NOK (23% → 24% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 13.43m NOK → 15.81m NOK (+17.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 000 NOK → 30.0k NOK. Reported fact