AGVIK AS: årsregnskap 2021 vs 2020
Grew 91% on revenue, cash halved-plus
approved 2021-12-31; registry 2022-05-30; journal 2022 362408
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGVIK AS. Revenue 3.08m NOK → 5.89m NOK (+91.3%). Net result +23.8k NOK → +28.7k NOK. Equity 11.18m NOK → 208.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AGVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.08m NOK to 5.89m NOK (+91.3% YoY). Calculated
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↑
Operating result improved
Operating result +33.6k NOK → +40.4k NOK (op. margin 1.1% → 0.7%). Calculated
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↑
Net result improved
Net result +23.8k NOK → +28.7k NOK (net margin 0.8% → 0.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.18m NOK → 208.4k NOK (equity ratio 1508.8% → 297.7%). Calculated
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↓
Cash fell
Bank deposits 534.37m NOK → 373.4k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (534.37m NOK → 373.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 706.3k NOK → 361.5k NOK (-48.8% YoY). Calculated