AGROVIN AS: årsregnskap 2022 vs 2021
Grew 18% on revenue, stronger earnings, cash halved-plus
approved 2023-03-20; registry 2023-06-26; journal 2023 527536
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AGROVIN AS. Revenue 4.63m NOK → 5.46m NOK (+17.9%). Net result +286.1k NOK → +588.7k NOK. Equity 5.36m NOK → 5.95m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for AGROVIN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.63m NOK to 5.46m NOK (+17.9% YoY). Calculated
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Operating result improved
Operating result +368.7k NOK → +761.2k NOK (op. margin 8.0% → 13.9%). Calculated
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Net result improved
Net result +286.1k NOK → +588.7k NOK (net margin 6.2% → 10.8%). Calculated
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Equity strengthened
Book equity 5.36m NOK → 5.95m NOK (equity ratio 72.8% → 57.5%). Calculated
What deteriorated
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Cash fell
Bank deposits 5.12m NOK → 20.3k NOK (-99.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.30× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.12m NOK → 20.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 1 372 NOK → 1.39m NOK (0% → 26% of revenue). Calculated
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COGS fell
COGS / varekostnad 770.5k NOK → 398.6k NOK (-48.3% YoY). Calculated