Org.nr 922 091 463 2021 → 2022 Year-over-year analysis

ADVOKAT ANNICKEN IVERSEN AS: årsregnskap 2022 vs 2021

Shrank 56% on revenue, returned to profit

approved 2023-03-29; registry 2023-04-01; journal 2023 342322

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT ANNICKEN IVERSEN AS. Revenue 779.6k NOK → 342.3k NOK (-56.1%). Net result -140.7k NOK → +152.5k NOK. Equity 67.4k NOK → 219.9k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKAT ANNICKEN IVERSEN AS.

Scorecard

Revenue
779.6k NOK 342.3k NOK
-56.1%
Operating result
-141.0k NOK +160.2k NOK
+213.6%
Net result
-140.7k NOK +152.5k NOK
+208.4%
Equity
67.4k NOK 219.9k NOK
+226.1%
Cash
185.0k NOK 338.1k NOK
+82.7%
Total assets
225.0k NOK 405.0k NOK
+80.0%

What improved

  • ↑

    Operating result improved

    Operating result -141.0k NOK → +160.2k NOK (op. margin -18.1% → 46.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 140.7k NOK to a profit of 152.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 67.4k NOK → 219.9k NOK (equity ratio 30.0% → 54.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 185.0k NOK → 338.1k NOK (+82.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 779.6k NOK to 342.3k NOK (-56.1% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 660.0k NOK → 2.93m NOK (85% → 855% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 28.7k NOK → 0 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 6 666 NOK → 0 NOK. Reported fact