FirmaIQ
Org.nr 822 564 232 2022 → 2023 Year-over-year analysis

ADVOKAT ERIKSTAD AS: årsregnskap 2023 vs 2022

Weaker earnings

registry 2024-05-02; journal 2024 388705

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT ERIKSTAD AS. Revenue 1.81m NOK → 1.75m NOK (-3.3%). Net result +524.3k NOK → +165.9k NOK. Equity 247.9k NOK → 413.7k NOK.

On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.81m NOK 1.75m NOK
-3.3%
Operating result
+674.5k NOK +211.4k NOK
-68.7%
Net result
+524.3k NOK +165.9k NOK
-68.4%
Equity
247.9k NOK 413.7k NOK
+66.9%
Cash
713.1k NOK 399.0k NOK
-44.0%
Total assets
1.16m NOK 818.0k NOK
-29.5%

What improved

  • ↑

    Equity strengthened

    Book equity 247.9k NOK → 413.7k NOK (equity ratio 21.4% → 50.6%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.14× → 1.99×. Calculated

  • ↑

    Payroll decreased

    Salary cost 1110.83bn NOK → 2 NOK (61392542% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.81m NOK to 1.75m NOK (-3.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +674.5k NOK → +211.4k NOK (op. margin 37.3% → 12.1%). Calculated

  • ↓

    Net result weakened

    Net result +524.3k NOK → +165.9k NOK (net margin 29.0% → 9.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 713.1k NOK → 399.0k NOK (-44.0% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 0 NOK → 34.6k NOK (None YoY). Calculated