AGF VVS AS: årsregnskap 2023 vs 2022
Grew 84% on revenue, weaker earnings, cash halved-plus
approved 2024-04-04; registry 2024-04-27; journal 2024 378311
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGF VVS AS. Revenue 6.83m NOK → 12.54m NOK (+83.6%). Net result +321.3k NOK → +70.3k NOK. Equity 448.6k NOK → 518.9k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AGF VVS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 6.83m NOK to 12.54m NOK (+83.6% YoY). Calculated
-
↑
Equity strengthened
Book equity 448.6k NOK → 518.9k NOK (equity ratio 29.1% → 18.2%). Calculated
-
↑
Payroll decreased
Salary cost 2.68m NOK → 1.00m NOK (39% → 8% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +437.8k NOK → +96.6k NOK (op. margin 6.4% → 0.8%). Calculated
-
↓
Net result weakened
Net result +321.3k NOK → +70.3k NOK (net margin 4.7% → 0.6%). Calculated
-
↓
Cash fell
Bank deposits 515.2k NOK → 204.2k NOK (-60.4% YoY). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 5.29m NOK → 10.69m NOK (+102.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 0 NOK → 56.8k NOK. Reported fact