AGORA AS: årsregnskap 2023 vs 2022
Grew 13% on revenue, weaker earnings, cash halved-plus
approved 2024-06-19; registry 2024-07-02; journal 2024 560430
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGORA AS. Revenue 14.50m NOK → 16.37m NOK (+12.9%). Net result +631.8k NOK → +495.7k NOK. Equity 1.79m NOK → 1.79m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGORA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.50m NOK to 16.37m NOK (+12.9% YoY). Calculated
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↑
Operating result improved
Operating result +126.4k NOK → +628.2k NOK (op. margin 0.9% → 3.8%). Calculated
What deteriorated
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↓
Net result weakened
Net result +631.8k NOK → +495.7k NOK (net margin 4.4% → 3.0%). Calculated
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↓
Equity eroded
Book equity 1.79m NOK → 1.79m NOK (equity ratio 34.1% → 30.2%). Calculated
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↓
Cash fell
Bank deposits 2.31m NOK → 545.3k NOK (-76.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.31m NOK → 545.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 6.46m NOK → 8.46m NOK (45% → 52% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.96m NOK → 4.80m NOK (+21.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.38m NOK → 1.89m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 6 → 16. Reported fact