AGROUP SERVICES AS: årsregnskap 2021 vs 2020
Grew 32% on revenue, slipped into loss
approved 2022-06-30; registry 2022-09-10; journal 2022 922153
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGROUP SERVICES AS. Revenue 10.34m NOK → 13.61m NOK (+31.7%). Net result +716.4k NOK → -121.2k NOK. Equity -1.25m NOK → -1.37m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGROUP SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 10.34m NOK to 13.61m NOK (+31.7% YoY). Calculated
-
↑
Cash rose
Bank deposits 743.2k NOK → 773.4k NOK (+4.1% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +370.7k NOK → -119.6k NOK (op. margin 3.6% → -0.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 716.4k NOK profit to a loss of 121.2k NOK. Calculated
-
↓
Equity eroded
Book equity -1.25m NOK → -1.37m NOK (equity ratio -51.8% → -37.3%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 8.33m NOK → 10.80m NOK (81% → 79% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 155.6k NOK → 843.1k NOK (+441.9% YoY). Calculated