AGROUP SERVICES AS: årsregnskap 2023 vs 2022
Grew 17% on revenue, returned to profit, cash halved-plus
approved 2024-06-30; registry 2024-09-04; journal 2024 741029
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGROUP SERVICES AS. Revenue 15.06m NOK → 17.57m NOK (+16.7%). Net result -211.2k NOK → +449.5k NOK. Equity -1.58m NOK → 1.46m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGROUP SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 15.06m NOK to 17.57m NOK (+16.7% YoY). Calculated
-
↑
Operating result improved
Operating result -238.2k NOK → +571.3k NOK (op. margin -1.6% → 3.3%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 211.2k NOK to a profit of 449.5k NOK. Calculated
-
↑
Equity strengthened
Book equity -1.58m NOK → 1.46m NOK (equity ratio -40.5% → 21.6%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.63× → 1.27×. Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 848.9k NOK → 396.1k NOK (-53.3% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 11.43m NOK → 11.92m NOK (76% → 68% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 412.6k NOK → 2.16m NOK (+422.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value -250.0k NOK → 0 NOK. Reported fact