AGRIM AS: årsregnskap 2023 vs 2022
Grew 21% on revenue, weaker earnings
approved 2024-06-14; registry 2024-07-20; journal 2024 654615
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGRIM AS. Revenue 5.75m NOK → 6.95m NOK (+20.9%). Net result -138.5k NOK → -4.41m NOK. Equity 164.8k NOK → -4.25m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGRIM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.75m NOK to 6.95m NOK (+20.9% YoY). Calculated
-
↑
Cash rose
Bank deposits 212.5k NOK → 962.3k NOK (+352.8% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.41× → 16.31×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -290.2k NOK → -4.25m NOK (op. margin -5.0% → -61.2%). Calculated
-
↓
Net result weakened
Net result -138.5k NOK → -4.41m NOK (net margin -2.4% → -63.5%). Calculated
-
↓
Equity eroded
Book equity 164.8k NOK → -4.25m NOK (equity ratio 6.0% → -146.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -146.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.22m NOK → 4.78m NOK (39% → 69% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 733.8k NOK → 4.68m NOK (+538.4% YoY). Calculated
-
·
Headcount (årsverk) changed
Reported FTEs 2 → 3.4. Reported fact