FirmaIQ
Org.nr 990 590 486 2022 → 2023 Year-over-year analysis

AGR CONSULTANCY SERVICES AS: årsregnskap 2023 vs 2022

Weaker earnings

registry 2024-07-18; journal 2024 642565

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for AGR CONSULTANCY SERVICES AS. Revenue 499.68m NOK → 476.18m NOK (-4.7%). Net result +20.96m NOK → +10.33m NOK. Equity 19.66m NOK → 17.13m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGR CONSULTANCY SERVICES AS.

At a glance

Scorecard

Revenue
499.68m NOK 476.18m NOK
-4.7%
Operating result
+28.45m NOK +13.64m NOK
-52.0%
Net result
+20.96m NOK +10.33m NOK
-50.7%
Equity
19.66m NOK 17.13m NOK
-12.9%
Cash
1 322 NOK 5.73m NOK
+433459.3%
Total assets
153.16m NOK 208.52m NOK
+36.1%

What improved

  • ↑

    Cash rose

    Bank deposits 1 322 NOK → 5.73m NOK (+433459.3% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.19bn NOK → 4.16bn NOK (839% → 874% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 499.68m NOK to 476.18m NOK (-4.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +28.45m NOK → +13.64m NOK (op. margin 5.7% → 2.9%). Calculated

  • ↓

    Net result weakened

    Net result +20.96m NOK → +10.33m NOK (net margin 4.2% → 2.2%). Calculated

  • ↓

    Equity eroded

    Book equity 19.66m NOK → 17.13m NOK (equity ratio 12.8% → 8.2%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 260.34m NOK → 273.53m NOK (+5.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation