ADVOKAT FRISAK WALLIN AS: årsregnskap 2023 vs 2022
Grew 12% on revenue, weaker earnings
approved 2024-04-10; registry 2024-04-13; journal 2024 354473
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT FRISAK WALLIN AS. Revenue 1.58m NOK → 1.77m NOK (+11.6%). Net result +253.7k NOK → +110.9k NOK. Equity 705.8k NOK → 816.7k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT FRISAK WALLIN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.58m NOK to 1.77m NOK (+11.6% YoY). Calculated
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Equity strengthened
Book equity 705.8k NOK → 816.7k NOK (equity ratio 77.7% → 953.3%). Calculated
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Cash rose
Bank deposits 201.6k NOK → 469.0k NOK (+132.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +352.0k NOK → +114.4k NOK (op. margin 22.2% → 6.5%). Calculated
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↓
Net result weakened
Net result +253.7k NOK → +110.9k NOK (net margin 16.0% → 6.3%). Calculated
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Current ratio dropped below 1×
Current ratio 4.48× → 0.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 388.1k NOK → 918.1k NOK (24% → 52% of revenue). Calculated