AGH ENGINEERING AS: årsregnskap 2023 vs 2022
Grew 23% on revenue, slipped into loss
approved 2024-05-20; registry 2024-05-27; journal 2024 442178
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGH ENGINEERING AS. Revenue 1.80m NOK → 2.21m NOK (+22.7%). Net result +27.1k NOK → -106.1k NOK. Equity 275.4k NOK → 169.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGH ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.80m NOK to 2.21m NOK (+22.7% YoY). Calculated
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↑
Cash rose
Bank deposits 323.7k NOK → 525.2k NOK (+62.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +36.8k NOK → -105.9k NOK (op. margin 2.0% → -4.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 27.1k NOK profit to a loss of 106.1k NOK. Calculated
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↓
Equity eroded
Book equity 275.4k NOK → 169.3k NOK (equity ratio 36.0% → 24.6%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 37.2k NOK → 159.6k NOK (+329.3% YoY). Calculated