ADVOKAT EIVIND KOGSTAD HOLDING AS: årsregnskap 2022 vs 2021
Shrank 35% on revenue, stronger earnings
approved 2023-04-20; registry 2023-04-24; journal 2023 366942
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT EIVIND KOGSTAD HOLDING AS. Revenue 185.4k NOK → 120.0k NOK (-35.3%). Net result +405.3k NOK → +687.6k NOK. Equity 544.6k NOK → 232.2k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT EIVIND KOGSTAD HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +405.3k NOK → +687.6k NOK (net margin 218.7% → 573.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 185.4k NOK to 120.0k NOK (-35.3% YoY). Calculated
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↓
Operating result weakened
Operating result -50.3k NOK → -120.2k NOK (op. margin -27.1% → -100.1%). Calculated
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↓
Equity eroded
Book equity 544.6k NOK → 232.2k NOK (equity ratio 8.0% → 5.0%). Calculated
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↓
Cash fell
Bank deposits 708.9k NOK → 398.9k NOK (-43.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation