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Org.nr 916 582 765 2022 → 2023 Year-over-year analysis

ADVOKAT CATO SIMONSEN AS: årsregnskap 2023 vs 2022

Grew 40% on revenue, stronger earnings

approved 2024-03-04; registry 2024-03-25; journal 2024 337658

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT CATO SIMONSEN AS. Revenue 4.60m NOK → 6.44m NOK (+39.9%). Net result +378.5k NOK → +752.4k NOK. Equity 3.22m NOK → 3.97m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT CATO SIMONSEN AS.

At a glance

Scorecard

Revenue
4.60m NOK 6.44m NOK
+39.9%
Operating result
+467.8k NOK +878.6k NOK
+87.8%
Net result
+378.5k NOK +752.4k NOK
+98.8%
Equity
3.22m NOK 3.97m NOK
+23.4%
Cash
2.86m NOK 3.53m NOK
+23.4%
Total assets
4.40m NOK 5.26m NOK
+19.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.60m NOK to 6.44m NOK (+39.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +467.8k NOK → +878.6k NOK (op. margin 10.2% → 13.7%). Calculated

  • ↑

    Net result improved

    Net result +378.5k NOK → +752.4k NOK (net margin 8.2% → 11.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.22m NOK → 3.97m NOK (equity ratio 73.1% → 75.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.86m NOK → 3.53m NOK (+23.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.25m NOK → 4.25m NOK (71% → 66% of revenue). Calculated