AGUSTA 109 AS: årsregnskap 2023 vs 2022
Shrank 17% on revenue, stronger earnings, cash halved-plus
approved 2024-03-21; registry 2024-05-29; journal 2024 391528
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGUSTA 109 AS. Revenue 26.48m NOK → 22.04m NOK (-16.7%). Net result +4.14m NOK → +6.09m NOK. Equity 2.66m NOK → 1.75m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AGUSTA 109 AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +5.50m NOK → +8.05m NOK (op. margin 20.8% → 36.5%). Calculated
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Net result improved
Net result +4.14m NOK → +6.09m NOK (net margin 15.6% → 27.6%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 26.48m NOK to 22.04m NOK (-16.7% YoY). Calculated
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↓
Equity eroded
Book equity 2.66m NOK → 1.75m NOK (equity ratio 17.8% → 11.2%). Calculated
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Cash fell
Bank deposits 8.74m NOK → 3.23m NOK (-63.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.05× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.74m NOK → 3.23m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 13.85m NOK → 8.21m NOK (-40.7% YoY). Calculated