ARGEO ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue
approved 2024-06-06; registry 2024-08-15; journal 2024 688883
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ARGEO ASA. Revenue 33.58m NOK → 19.0k NOK (-99.9%). Net result +4.34m NOK → +3.59m NOK. Equity 292.02m NOK → 5.65m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ARGEO ASA.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 14.45m NOK → 23.62m NOK (+63.4% YoY). Calculated
-
↑
Payroll decreased
Salary cost 955.6k NOK → 1 013 NOK (3% → 5% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 33.58m NOK to 19.0k NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -2.58m NOK → -4.56m NOK (op. margin -7.7% → -24010.5%). Calculated
-
↓
Net result weakened
Net result +4.34m NOK → +3.59m NOK (net margin 12.9% → 18900.0%). Calculated
-
↓
Equity eroded
Book equity 292.02m NOK → 5.65m NOK (equity ratio 98.8% → 871.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 38.22× → 0.42× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 293.95m NOK → 630.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 31.27m NOK → 11.30m NOK (-63.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 155.68m NOK → 249.1k NOK. Reported fact