FirmaIQ
Org.nr 913 875 257 2021 → 2022 Year-over-year analysis

ADVOKAT FRANK OVE KVALVIK AS: årsregnskap 2022 vs 2021

Shrank 13% on revenue, slipped into loss, cash halved-plus

approved 2023-03-28; registry 2023-04-01; journal 2023 342162

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT FRANK OVE KVALVIK AS. Revenue 1.94m NOK → 1.69m NOK (-13.0%). Net result +151.2k NOK → -49.9k NOK. Equity 1.61m NOK → 1.56m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.94m NOK 1.69m NOK
-13.0%
Operating result
+190.5k NOK -45.0k NOK
-123.6%
Net result
+151.2k NOK -49.9k NOK
-133.0%
Equity
1.61m NOK 1.56m NOK
-3.1%
Cash
433.7k NOK 25.0k NOK
-94.2%
Total assets
1.94m NOK 2.00m NOK
+3.1%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.94m NOK to 1.69m NOK (-13.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +190.5k NOK → -45.0k NOK (op. margin 9.8% → -2.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 151.2k NOK profit to a loss of 49.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.61m NOK → 1.56m NOK (equity ratio 82.7% → 77.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 433.7k NOK → 25.0k NOK (-94.2% YoY). Calculated