ADVOKAT FRANK OVE KVALVIK AS: årsregnskap 2023 vs 2022
Weaker earnings
approved 2024-02-29; registry 2024-03-07; journal 2024 320721
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT FRANK OVE KVALVIK AS. Revenue 1.69m NOK → 1.75m NOK (+3.9%). Net result -49.9k NOK → -89.4k NOK. Equity 1.56m NOK → 1.47m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT FRANK OVE KVALVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.69m NOK to 1.75m NOK (+3.9% YoY). Calculated
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↑
Cash rose
Bank deposits 25.0k NOK → 821.0k NOK (+3178.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -45.0k NOK → -82.1k NOK (op. margin -2.7% → -4.7%). Calculated
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↓
Net result weakened
Net result -49.9k NOK → -89.4k NOK (net margin -3.0% → -5.1%). Calculated
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↓
Equity eroded
Book equity 1.56m NOK → 1.47m NOK (equity ratio 77.8% → 79.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.21m NOK → 1.30m NOK (72% → 74% of revenue). Calculated