AGROQUIP AS: årsregnskap 2023 vs 2022
Slipped into loss
approved 2024-07-17; registry 2024-07-22; journal 2024 658142
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGROQUIP AS. Revenue 21.12m NOK → 21.29m NOK (+0.8%). Net result +13.9k NOK → -1.04m NOK. Equity -842.5k NOK → -1.88m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGROQUIP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.12m NOK to 21.29m NOK (+0.8% YoY). Calculated
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↑
Cash rose
Bank deposits 22.3k NOK → 35.3k NOK (+58.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -138.3k NOK → -914.5k NOK (op. margin -0.7% → -4.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 13.9k NOK profit to a loss of 1.04m NOK. Calculated
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↓
Equity eroded
Book equity -842.5k NOK → -1.88m NOK (equity ratio -16.5% → -32.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -32.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 830.2k NOK → 930.0k NOK (4% → 4% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 18.21m NOK → 18.96m NOK (+4.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 600.0k NOK → 110.0k NOK. Reported fact