AGI AS: årsregnskap 2023 vs 2022
Grew 223% on revenue, weaker earnings, cash halved-plus
approved 2024-06-14; registry 2024-06-27; journal 2024 535234
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGI AS. Revenue 635 NOK → 2 054 NOK (+223.5%). Net result +7.25m NOK → +1.57m NOK. Equity 61.11m NOK → 62.67m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 635 NOK to 2 054 NOK (+223.5% YoY). Calculated
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Operating result improved
Operating result -2.70m NOK → +1.43m NOK (op. margin -425698.4% → 69668.1%). Calculated
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↑
Equity strengthened
Book equity 61.11m NOK → 62.67m NOK (equity ratio 90.8% → 97.9%). Calculated
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↑
Payroll decreased
Salary cost 10.0k NOK → 5 000 NOK (1575% → 243% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +7.25m NOK → +1.57m NOK (net margin 1142019.7% → 76235.0%). Calculated
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↓
Cash fell
Bank deposits 12.90m NOK → 1.98m NOK (-84.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (12.90m NOK → 1.98m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 15 NOK → 15.00m NOK. Reported fact