AGTUNNEL AS: årsregnskap 2021 vs 2020
Grew 71% on revenue, weaker earnings, cash halved-plus
approved 2022-05-31; registry 2022-06-22; journal 2022 485933
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGTUNNEL AS. Revenue 114.11m NOK → 195.55m NOK (+71.4%). Net result +7.16m NOK → +5.27m NOK. Equity 100.0k NOK → 867.2k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGTUNNEL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 114.11m NOK to 195.55m NOK (+71.4% YoY). Calculated
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Operating result improved
Operating result +5.99m NOK → +8.45m NOK (op. margin 5.3% → 4.3%). Calculated
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Equity strengthened
Book equity 100.0k NOK → 867.2k NOK (equity ratio 0.2% → 1.1%). Calculated
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Owners injected capital
Paid-in equity rose 986.0k NOK → 2.87m NOK (+1.88m NOK). Reported fact
What deteriorated
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Net result weakened
Net result +7.16m NOK → +5.27m NOK (net margin 6.3% → 2.7%). Calculated
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Cash fell
Bank deposits 5.27m NOK → 551.1k NOK (-89.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.27m NOK → 551.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 46.94m NOK → 71.94m NOK (+53.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 556.7k NOK → 701.2k NOK. Reported fact