AGROPACK SCANDINAVIA AS: årsregnskap 2023 vs 2022
Shrank 75% on revenue, slipped into loss
approved 2024-04-30; registry 2024-07-27; journal 2024 679432
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGROPACK SCANDINAVIA AS. Revenue 1.01m NOK → 257.9k NOK (-74.5%). Net result +16.4k NOK → -714.0k NOK. Equity 249.5k NOK → -464.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGROPACK SCANDINAVIA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 870.4k NOK → 193.7k NOK (86% → 75% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.01m NOK to 257.9k NOK (-74.5% YoY). Calculated
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↓
Operating result weakened
Operating result +21.2k NOK → +7 303 NOK (op. margin 2.1% → 2.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 16.4k NOK profit to a loss of 714.0k NOK. Calculated
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↓
Equity eroded
Book equity 249.5k NOK → -464.6k NOK (equity ratio 37.9% → -219.7%). Calculated
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↓
Cash fell
Bank deposits 164.7k NOK → 150.5k NOK (-8.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -219.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 400.4k NOK → 400 NOK. Reported fact