AGNETAS AS: årsregnskap 2023 vs 2022
Grew 6% on revenue, cash halved-plus
approved 2024-02-03; registry 2024-02-07; journal 2024 304600
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGNETAS AS. Revenue 1.79m NOK → 1.89m NOK (+5.6%). Net result +615.6k NOK → +663.3k NOK. Equity 749.5k NOK → 82.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AGNETAS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.79m NOK to 1.89m NOK (+5.6% YoY). Calculated
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↑
Operating result improved
Operating result +789.4k NOK → +851.5k NOK (op. margin 44.1% → 45.0%). Calculated
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Net result improved
Net result +615.6k NOK → +663.3k NOK (net margin 34.4% → 35.1%). Calculated
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Current ratio back above 1×
Current ratio 0.35× → 4.27×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 749.5k NOK → 82.8k NOK (equity ratio 552.0% → 5.9%). Calculated
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↓
Cash fell
Bank deposits 972.5k NOK → 253.3k NOK (-74.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.88m NOK → 3.92m NOK (217% → 207% of revenue). Calculated