AGF-ART AS: årsregnskap 2023 vs 2022
Shrank 51% on revenue, slipped into loss
approved 2024-03-08; registry 2024-03-12; journal 2024 324886
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGF-ART AS. Revenue 50.2k NOK → 24.5k NOK (-51.2%). Net result +9 298 NOK → -5 991 NOK. Equity 9 121 NOK → 3 131 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for AGF-ART AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 50.2k NOK to 24.5k NOK (-51.2% YoY). Calculated
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↓
Operating result weakened
Operating result +9 298 NOK → -5 777 NOK (op. margin 18.5% → -23.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 9 298 NOK profit to a loss of 5 991 NOK. Calculated
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↓
Equity eroded
Book equity 9 121 NOK → 3 131 NOK (equity ratio 16.7% → 6.4%). Calculated
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↓
Cash fell
Bank deposits 54.6k NOK → 48.9k NOK (-10.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 15.6k NOK → 9 475 NOK (-39.4% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact