ADVOKAT FINN OVE SMITH AS: årsregnskap 2023 vs 2022
Grew 17% on revenue
approved 2024-04-30; registry 2024-05-04; journal 2024 390030
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT FINN OVE SMITH AS. Revenue 6.26m NOK → 7.30m NOK (+16.7%). Net result +2.00m NOK → +1.76m NOK. Equity 3.59m NOK → 3.15m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT FINN OVE SMITH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.26m NOK to 7.30m NOK (+16.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.60m NOK → +2.29m NOK (op. margin 41.5% → 31.4%). Calculated
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↓
Net result weakened
Net result +2.00m NOK → +1.76m NOK (net margin 31.9% → 24.0%). Calculated
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↓
Equity eroded
Book equity 3.59m NOK → 3.15m NOK (equity ratio 51.2% → 44.5%). Calculated
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↓
Cash fell
Bank deposits 4.74m NOK → 4.57m NOK (-3.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.68m NOK → 3.59m NOK (43% → 49% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 244.8k NOK → 215.1k NOK. Reported fact