Org.nr 918 357 408 2021 → 2022 Year-over-year analysis

ADVOKAT CAMILLA ØDEGAARD LETNES AS: årsregnskap 2022 vs 2021

Grew 53% on revenue, returned to profit

approved 2023-04-28; registry 2023-05-03; journal 2023 382080

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT CAMILLA ØDEGAARD LETNES AS. Revenue 1.61m NOK → 2.45m NOK (+52.7%). Net result -73.8k NOK → +3.60m NOK. Equity 869.3k NOK → 1.07m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT CAMILLA ØDEGAARD LETNES AS.

Scorecard

Revenue
1.61m NOK 2.45m NOK
+52.7%
Operating result
-84.2k NOK +773.3k NOK
+1018.0%
Net result
-73.8k NOK +3.60m NOK
+4976.4%
Equity
869.3k NOK 1.07m NOK
+22.7%
Cash
575.2k NOK 671.9k NOK
+16.8%
Total assets
1.22m NOK n/m
—

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.61m NOK to 2.45m NOK (+52.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -84.2k NOK → +773.3k NOK (op. margin -5.2% → 31.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 73.8k NOK to a profit of 3.60m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 869.3k NOK → 1.07m NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 575.2k NOK → 671.9k NOK (+16.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 900.4k NOK → 988.7k NOK (56% → 40% of revenue). Calculated