AGROTECH PRODUCTION AS: årsregnskap 2023 vs 2022
Grew 19% on revenue, slipped into loss, cash halved-plus
approved 2024-05-15; registry 2024-06-04; journal 2024 419706
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGROTECH PRODUCTION AS. Revenue 46.93m NOK → 55.89m NOK (+19.1%). Net result +320.7k NOK → -934.5k NOK. Equity -4.20m NOK → -5.14m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for AGROTECH PRODUCTION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 46.93m NOK to 55.89m NOK (+19.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +570.8k NOK → -680.6k NOK (op. margin 1.2% → -1.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 320.7k NOK profit to a loss of 934.5k NOK. Calculated
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↓
Equity eroded
Book equity -4.20m NOK → -5.14m NOK (equity ratio -69.3% → -88.3%). Calculated
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↓
Cash fell
Bank deposits 2.33m NOK → 611.9k NOK (-73.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -88.3% 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 (2.33m NOK → 611.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 43.72m NOK → 53.03m NOK (+21.3% YoY). Calculated