ADNOR ADVOKAT AS: årsregnskap 2023 vs 2022
Shrank 10% on revenue, weaker earnings
approved 2024-04-25; registry 2024-05-02; journal 2024 386423
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADNOR ADVOKAT AS. Revenue 27.63m NOK → 24.84m NOK (-10.1%). Net result +1.38m NOK → +482.1k NOK. Equity 521.2k NOK → 280.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADNOR ADVOKAT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 20.11m NOK → 18.64m NOK (73% → 75% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.63m NOK to 24.84m NOK (-10.1% YoY). Calculated
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↓
Operating result weakened
Operating result +2.05m NOK → +969.2k NOK (op. margin 7.4% → 3.9%). Calculated
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↓
Net result weakened
Net result +1.38m NOK → +482.1k NOK (net margin 5.0% → 1.9%). Calculated
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↓
Equity eroded
Book equity 521.2k NOK → 280.0k NOK (equity ratio 5.0% → 2.4%). Calculated
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↓
Cash fell
Bank deposits 1.53m NOK → 1.13m NOK (-26.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 445.0k NOK → 280.0k NOK — check capital reduction, conversion, or reclassification. Interpretation