ADVOKAT ARVID BERENTSEN AS: årsregnskap 2023 vs 2022
Weaker earnings
approved 2024-03-19; registry 2024-04-15; journal 2024 356853
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT ARVID BERENTSEN AS. Revenue 2.36m NOK → 2.34m NOK (-0.9%). Net result +529.4k NOK → +273.1k NOK. Equity 866.6k NOK → 139.8k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT ARVID BERENTSEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 660.8k NOK → 668.6k NOK (+1.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.66× → 3.92×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.36m NOK to 2.34m NOK (-0.9% YoY). Calculated
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↓
Operating result weakened
Operating result +678.5k NOK → +344.8k NOK (op. margin 28.8% → 14.8%). Calculated
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↓
Net result weakened
Net result +529.4k NOK → +273.1k NOK (net margin 22.5% → 11.7%). Calculated
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↓
Equity eroded
Book equity 866.6k NOK → 139.8k NOK (equity ratio 282.7% → 9.0%). Calculated
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↓
COGS moved
COGS / varekostnad 148.5k NOK → 288.8k NOK (+94.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation