ADVOCATIA NORWEGIAN LAW ALLIANCE AS: årsregnskap 2023 vs 2022
Grew 24% on revenue, weaker earnings
approved 2024-04-19; registry 2024-06-08; journal 2024 434885
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOCATIA NORWEGIAN LAW ALLIANCE AS. Revenue 1.95m NOK → 2.42m NOK (+24.0%). Net result +267.5k NOK → +130.4k NOK. Equity 612.0k NOK → 742.4k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOCATIA NORWEGIAN LAW ALLIANCE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.95m NOK to 2.42m NOK (+24.0% YoY). Calculated
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↑
Equity strengthened
Book equity 612.0k NOK → 742.4k NOK (equity ratio 90.7% → 88.3%). Calculated
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↑
Cash rose
Bank deposits 109.0k NOK → 379.5k NOK (+248.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +310.3k NOK → +169.0k NOK (op. margin 15.9% → 7.0%). Calculated
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↓
Net result weakened
Net result +267.5k NOK → +130.4k NOK (net margin 13.7% → 5.4%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.39m NOK → 1.89m NOK (+35.8% YoY). Calculated