AGENT M AS: årsregnskap 2022 vs 2021
Shrank 28% on revenue, stronger earnings, cash halved-plus
approved 2023-05-30; registry 2023-08-02; journal 2023 684632
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AGENT M AS. Revenue 1.41m NOK → 1.01m NOK (-28.4%). Net result -193.4k NOK → -93.3k NOK. Equity 21.5k NOK → -74.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGENT M AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -177.0k NOK → -85.3k NOK (op. margin -12.5% → -8.4%). Calculated
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Net result improved
Net result -193.4k NOK → -93.3k NOK (net margin -13.7% → -9.2%). Calculated
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Payroll decreased
Salary cost 184.7k NOK → 162.6k NOK (13% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.41m NOK to 1.01m NOK (-28.4% YoY). Calculated
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↓
Equity eroded
Book equity 21.5k NOK → -74.0k NOK (equity ratio 4.7% → -80.4%). Calculated
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↓
Cash fell
Bank deposits 4 828 NOK → -135.7k NOK (-2909.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.93× → 0.55× — 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 -80.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 991.5k NOK → 420.0k NOK (-57.6% YoY). Calculated