AGROUP SERVICES AS: årsregnskap 2022 vs 2021
Grew 11% on revenue, weaker earnings
approved 2023-08-30; registry 2023-10-23; journal 2023 735296
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AGROUP SERVICES AS. Revenue 13.61m NOK → 15.06m NOK (+10.6%). Net result -121.2k NOK → -211.2k NOK. Equity -1.37m NOK → -1.58m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AGROUP SERVICES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.61m NOK to 15.06m NOK (+10.6% YoY). Calculated
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↑
Cash rose
Bank deposits 773.4k NOK → 848.9k NOK (+9.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -119.6k NOK → -238.2k NOK (op. margin -0.9% → -1.6%). Calculated
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↓
Net result weakened
Net result -121.2k NOK → -211.2k NOK (net margin -0.9% → -1.4%). Calculated
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↓
Equity eroded
Book equity -1.37m NOK → -1.58m NOK (equity ratio -37.3% → -40.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -40.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 10.80m NOK → 11.43m NOK (79% → 76% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 843.1k NOK → 412.6k NOK (-51.1% YoY). Calculated