AGS HOLDING AS: årsregnskap 2023 vs 2022
Grew 74% on revenue, weaker earnings, cash halved-plus
registry 2024-07-02; journal 2024 556647
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGS HOLDING AS. Revenue 386.2k NOK → 672.5k NOK (+74.1%). Net result +23.71m NOK → +3.54m NOK. Equity 68.56m NOK → 70.07m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for AGS HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 386.2k NOK to 672.5k NOK (+74.1% YoY). Calculated
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Equity strengthened
Book equity 68.56m NOK → 70.07m NOK (equity ratio 80.3% → 76.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1.26m NOK → -1.89m NOK (op. margin -326.7% → -281.0%). Calculated
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Net result weakened
Net result +23.71m NOK → +3.54m NOK (net margin 6138.3% → 526.9%). Calculated
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Cash fell
Bank deposits 18.08m NOK → 5.07m NOK (-71.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (18.08m NOK → 5.07m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 868.9k NOK → 1.39m NOK (225% → 207% of revenue). Calculated
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Book investments changed
Investment / intangible book value 11.54m NOK → 6.99m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 0 → 2. Reported fact