ADVOKAT-CONSULT AS: årsregnskap 2023 vs 2022
Shrank 83% on revenue, weaker earnings, cash halved-plus
approved 2024-04-30; registry 2024-05-04; journal 2024 391960
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT-CONSULT AS. Revenue 49.1k NOK → 8 125 NOK (-83.5%). Net result -32.9k NOK → -85.1k NOK. Equity -54.7k NOK → -139.9k NOK.
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-CONSULT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 49.1k NOK to 8 125 NOK (-83.5% YoY). Calculated
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Operating result weakened
Operating result -32.5k NOK → -85.1k NOK (op. margin -66.2% → -1047.8%). Calculated
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↓
Net result weakened
Net result -32.9k NOK → -85.1k NOK (net margin -67.0% → -1047.6%). Calculated
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Equity eroded
Book equity -54.7k NOK → -139.9k NOK (equity ratio -559.3% → -3061.1%). Calculated
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Cash fell
Bank deposits 9 788 NOK → 2 694 NOK (-72.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3061.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation