ARGEO ASA: årsregnskap 2022 vs 2021
Grew 112% on revenue, stronger earnings, cash halved-plus
approved 2023-06-15; registry 2023-08-07; journal 2023 654550
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ARGEO ASA. Revenue 15.84m NOK → 33.58m NOK (+112.0%). Net result +3.37m NOK → +4.34m NOK. Equity 170.33m NOK → 292.02m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ARGEO ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 15.84m NOK to 33.58m NOK (+112.0% YoY). Calculated
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Net result improved
Net result +3.37m NOK → +4.34m NOK (net margin 21.3% → 12.9%). Calculated
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Equity strengthened
Book equity 170.33m NOK → 292.02m NOK (equity ratio 100.0% → 98.8%). Calculated
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Owners injected capital
Paid-in equity rose 167.30m NOK → 293.95m NOK (+126.65m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -2.17m NOK → -2.58m NOK (op. margin -13.7% → -7.7%). Calculated
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Cash fell
Bank deposits 52.62m NOK → 14.45m NOK (-72.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (52.62m NOK → 14.45m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3 770 NOK → 955.6k NOK (0% → 3% of revenue). Calculated
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COGS moved
COGS / varekostnad 17.4k NOK → 31.27m NOK (+179185.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 55.68m NOK → 155.68m NOK. Reported fact