AGVA KRAFT AS: årsregnskap 2023 vs 2022
Shrank 58% on revenue, returned to profit
approved 2024-06-22; registry 2024-07-02; journal 2024 556779
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGVA KRAFT AS. Revenue 765.61m NOK → 319.18m NOK (-58.3%). Net result -52.18m NOK → +15.31m NOK. Equity -87.60m NOK → -72.29m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGVA KRAFT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -48.53m NOK → +14.71m NOK (op. margin -6.3% → 4.6%). Calculated
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Turned profitable
Net result flipped from a loss of 52.18m NOK to a profit of 15.31m NOK. Calculated
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Equity strengthened
Book equity -87.60m NOK → -72.29m NOK (equity ratio -96.8% → -175.5%). Calculated
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Payroll decreased
Salary cost 4.70m NOK → 4.05m NOK (1% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 765.61m NOK to 319.18m NOK (-58.3% YoY). Calculated
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↓
Cash fell
Bank deposits 2.86m NOK → 1.81m NOK (-36.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -175.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 771.11m NOK → 280.96m NOK (-63.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 35.76m NOK → 32.59m NOK. Reported fact