AGP INVESTMENTS AS: årsregnskap 2022 vs 2021
Grew 200% on revenue, returned to profit, cash halved-plus
approved 2023-06-30; registry 2023-08-23; journal 2023 715729
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AGP INVESTMENTS AS. Revenue 435.9k NOK → 1.31m NOK (+200.3%). Net result -195.8k NOK → +20.2k NOK. Equity -237.4k NOK → -217.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AGP INVESTMENTS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 435.9k NOK to 1.31m NOK (+200.3% YoY). Calculated
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Operating result improved
Operating result -132.1k NOK → +25.2k NOK (op. margin -30.3% → 1.9%). Calculated
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Turned profitable
Net result flipped from a loss of 195.8k NOK to a profit of 20.2k NOK. Calculated
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Equity strengthened
Book equity -237.4k NOK → -217.3k NOK (equity ratio -80.4% → -81.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 45.9k NOK → 13.6k NOK (-70.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -81.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 8 NOK → 626.6k NOK (0% → 48% of revenue). Calculated
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COGS fell
COGS / varekostnad 391.3k NOK → 254.2k NOK (-35.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 47.1k NOK → 10.5k NOK. Reported fact