AGNEFESTVEIEN AS: årsregnskap 2023 vs 2022
Shrank 86% on revenue, returned to profit, cash halved-plus
approved 2024-05-01; registry 2024-05-18; journal 2024 418335
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGNEFESTVEIEN AS. Revenue 601.8k NOK → 83.0k NOK (-86.2%). Net result -276.9k NOK → +28.2k NOK. Equity -2.71m NOK → -2.68m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGNEFESTVEIEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -264.5k NOK → +28.2k NOK (op. margin -43.9% → 33.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 276.9k NOK to a profit of 28.2k NOK. Calculated
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↑
Equity strengthened
Book equity -2.71m NOK → -2.68m NOK (equity ratio -68.8% → -70.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 601.8k NOK to 83.0k NOK (-86.2% YoY). Calculated
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↓
Cash fell
Bank deposits 123.9k NOK → 12.0k NOK (-90.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -70.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation