Org.nr 994 700 111 2022 → 2023 Year-over-year analysis

AGF AS: årsregnskap 2023 vs 2022

Grew 98% on revenue, stronger earnings

approved 2024-06-19; registry 2024-06-27; journal 2024 533201

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AGF AS. Revenue 1.59m NOK → 3.15m NOK (+98.3%). Net result +1.34m NOK → +2.64m NOK. Equity 5.19bn NOK → 187.11m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AGF AS.

Scorecard

Revenue
1.59m NOK 3.15m NOK
+98.3%
Operating result
+1.46m NOK +2.74m NOK
+87.7%
Net result
+1.34m NOK +2.64m NOK
+97.2%
Equity
5.19bn NOK 187.11m NOK
-96.4%
Cash
7.85m NOK 6.51m NOK
-17.1%
Total assets
189.13m NOK 187.23m NOK
-1.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.59m NOK to 3.15m NOK (+98.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.46m NOK → +2.74m NOK (op. margin 92.0% → 87.0%). Calculated

  • ↑

    Net result improved

    Net result +1.34m NOK → +2.64m NOK (net margin 84.2% → 83.7%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 5.19bn NOK → 187.11m NOK (equity ratio 2743.6% → 99.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.85m NOK → 6.51m NOK (-17.1% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 114.30m NOK → 109.80m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 10.00m NOK → 20.64m NOK. Reported fact