ADVOKAT DØVIK AS: årsregnskap 2022 vs 2021
Grew 10% on revenue, weaker earnings
approved 2023-05-01; registry 2023-05-04; journal 2023 384433
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT DØVIK AS. Revenue 1.91m NOK → 2.11m NOK (+10.4%). Net result +451.0k NOK → +320.4k NOK. Equity 189.5k NOK → 159.9k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT DØVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.91m NOK to 2.11m NOK (+10.4% YoY). Calculated
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↑
Cash rose
Bank deposits 364.3k NOK → 589.8k NOK (+61.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.10× → 1.17×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +590.6k NOK → +391.5k NOK (op. margin 30.9% → 18.5%). Calculated
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↓
Net result weakened
Net result +451.0k NOK → +320.4k NOK (net margin 23.6% → 15.2%). Calculated
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↓
Equity eroded
Book equity 189.5k NOK → 159.9k NOK (equity ratio 175.8% → 15.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 845.2k NOK → 1.20m NOK (44% → 57% of revenue). Calculated