FirmaIQ
Org.nr 916 582 765 2021 → 2022 Year-over-year analysis

ADVOKAT CATO SIMONSEN AS: årsregnskap 2022 vs 2021

Shrank 13% on revenue, weaker earnings

approved 2023-03-13; registry 2023-03-15; journal 2023 325307

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT CATO SIMONSEN AS. Revenue 5.29m NOK → 4.60m NOK (-13.0%). Net result +1.41m NOK → +378.5k NOK. Equity 2.84m NOK → 3.22m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKAT CATO SIMONSEN AS.

At a glance

Scorecard

Revenue
5.29m NOK 4.60m NOK
-13.0%
Operating result
+797.8k NOK +467.8k NOK
-41.4%
Net result
+1.41m NOK +378.5k NOK
-73.1%
Equity
2.84m NOK 3.22m NOK
+13.3%
Cash
2.53m NOK 2.86m NOK
+13.1%
Total assets
4.25m NOK 4.40m NOK
+3.4%

What improved

  • ↑

    Equity strengthened

    Book equity 2.84m NOK → 3.22m NOK (equity ratio 66.8% → 73.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.53m NOK → 2.86m NOK (+13.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.29m NOK to 4.60m NOK (-13.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +797.8k NOK → +467.8k NOK (op. margin 15.1% → 10.2%). Calculated

  • ↓

    Net result weakened

    Net result +1.41m NOK → +378.5k NOK (net margin 26.6% → 8.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.65m NOK → 3.25m NOK (50% → 71% of revenue). Calculated

Things to notice

  • ·

    Headcount (årsverk) changed

    Reported FTEs 3 → 4. Reported fact