AGRIPA NORGE AS: årsregnskap 2023 vs 2022
Grew 35% on revenue, weaker earnings, cash halved-plus
approved 2024-07-23; registry 2024-07-29; journal 2024 682720
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGRIPA NORGE AS. Revenue 23.63m NOK → 31.90m NOK (+35.0%). Net result +922.3k NOK → +403.0k NOK. Equity 2.00m NOK → 2.11m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for AGRIPA NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 23.63m NOK to 31.90m NOK (+35.0% YoY). Calculated
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Equity strengthened
Book equity 2.00m NOK → 2.11m NOK (equity ratio 9.6% → 6.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.60m NOK → +1.12m NOK (op. margin 6.8% → 3.5%). Calculated
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↓
Net result weakened
Net result +922.3k NOK → +403.0k NOK (net margin 3.9% → 1.3%). Calculated
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↓
Cash fell
Bank deposits 186.71m NOK → 302.9k NOK (-99.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (186.71m NOK → 302.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 4.16m NOK → 7.48m NOK (18% → 23% of revenue). Calculated
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COGS moved
COGS / varekostnad 11.77m NOK → 13.46m NOK (+14.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 94.4k NOK → 61.1k NOK. Reported fact