AGRI EIENDOM AS: årsregnskap 2023 vs 2022
Grew 7% on revenue, weaker earnings, cash halved-plus
approved 2024-06-26; registry 2024-08-03; journal 2024 704066
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGRI EIENDOM AS. Revenue 94.33m NOK → 100.95m NOK (+7.0%). Net result +22.33m NOK → +16.82m NOK. Equity 363.85m NOK → 311.96m NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for AGRI EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 94.33m NOK to 100.95m NOK (+7.0% YoY). Calculated
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Operating result improved
Operating result +26.80m NOK → +37.60m NOK (op. margin 28.4% → 37.3%). Calculated
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Owners injected capital
Paid-in equity rose 58.41m NOK → 58.53m NOK (+120.0k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +22.33m NOK → +16.82m NOK (net margin 23.7% → 16.7%). Calculated
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↓
Equity eroded
Book equity 363.85m NOK → 311.96m NOK (equity ratio 43.1% → 36.3%). Calculated
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Cash fell
Bank deposits 35.63m NOK → 502.6k NOK (-98.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.30× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (35.63m NOK → 502.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 7.95m NOK → 8.42m NOK (8% → 8% of revenue). Calculated
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Book investments changed
Investment / intangible book value 826.5k NOK → 3.23m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 7 → 8. Reported fact