ADVOKAT EDEL OLSEN AS: årsregnskap 2022 vs 2021
Shrank 20% on revenue, returned to profit
approved 2023-05-03; registry 2023-05-31; journal 2023 440882
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT EDEL OLSEN AS. Revenue 1.33m NOK → 1.07m NOK (-20.0%). Net result -86.9k NOK → +84.8k NOK. Equity 17.8k NOK → 102.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT EDEL OLSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -87.8k NOK → +85.1k NOK (op. margin -6.6% → 8.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 86.9k NOK to a profit of 84.8k NOK. Calculated
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↑
Equity strengthened
Book equity 17.8k NOK → 102.6k NOK (equity ratio 2.5% → 15.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.33m NOK to 1.07m NOK (-20.0% YoY). Calculated
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↓
Cash fell
Bank deposits 440.1k NOK → 426.0k NOK (-3.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.20m NOK → 1.72m NOK (90% → 161% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 15.3k NOK → 8 053 NOK (-47.4% YoY). Calculated