AGVA KRAFT AS: årsregnskap 2021 vs 2020
Grew 7% on revenue, slipped into loss
approved 2023-01-31; registry 2023-02-06; journal 2023 304385
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGVA KRAFT AS. Revenue 6.14bn NOK → 6.59bn NOK (+7.3%). Net result +19.88m NOK → -45.59m NOK. Equity 10.18m NOK → -35.42m NOK.
On the constructive side: revenue 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 AGVA KRAFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.14bn NOK to 6.59bn NOK (+7.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +26.99m NOK → -45.16m NOK (op. margin 0.4% → -0.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 19.88m NOK profit to a loss of 45.59m NOK. Calculated
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↓
Equity eroded
Book equity 10.18m NOK → -35.42m NOK (equity ratio 19.6% → -19.0%). Calculated
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↓
Cash fell
Bank deposits 6.90m NOK → 5.53m NOK (-20.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.54m NOK → 4.67m NOK (0% → 0% of revenue). Calculated
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COGS moved
COGS / varekostnad 77.65m NOK → 593.15m NOK (+663.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 35.26m NOK → 57.14m NOK. Reported fact