FirmaIQ
Org.nr 925 402 710 2021 → 2022 Year-over-year analysis

ADVOKAT ERIK VATNE AS: årsregnskap 2022 vs 2021

Shrank 33% on revenue, returned to profit

approved 2023-03-18; registry 2023-03-21; journal 2023 330653

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT ERIK VATNE AS. Revenue 873.3k NOK → 588.7k NOK (-32.6%). Net result -21.9k NOK → +389.8k NOK. Equity 10.12m NOK → 10.51m NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
873.3k NOK 588.7k NOK
-32.6%
Operating result
-22.2k NOK +494.5k NOK
+2330.4%
Net result
-21.9k NOK +389.8k NOK
+1881.8%
Equity
10.12m NOK 10.51m NOK
+3.9%
Cash
205.8k NOK 647.4k NOK
+214.5%
Total assets
240.8k NOK 834.3k NOK
+246.5%

What improved

  • ↑

    Operating result improved

    Operating result -22.2k NOK → +494.5k NOK (op. margin -2.5% → 84.0%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 21.9k NOK to a profit of 389.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 10.12m NOK → 10.51m NOK (equity ratio 4202.4% → 1259.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 205.8k NOK → 647.4k NOK (+214.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.58m NOK → 2 NOK (410% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 873.3k NOK to 588.7k NOK (-32.6% YoY). Calculated