ADVOKAT GAUTE NILSEN AS: årsregnskap 2023 vs 2022
Grew 8% on revenue, slipped into loss, cash halved-plus
approved 2024-03-20; registry 2024-04-02; journal 2024 341641
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT GAUTE NILSEN AS. Revenue 2.76m NOK → 2.98m NOK (+8.1%). Net result +42.4k NOK → -14.3k NOK. Equity 60.4k NOK → 46.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT GAUTE NILSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.76m NOK to 2.98m NOK (+8.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +198.3k NOK → +178.6k NOK (op. margin 7.2% → 6.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 42.4k NOK profit to a loss of 14.3k NOK. Calculated
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↓
Equity eroded
Book equity 60.4k NOK → 46.1k NOK (equity ratio 2.1% → 1.7%). Calculated
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↓
Cash fell
Bank deposits 160.8k NOK → 71.1k NOK (-55.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.89m NOK → 2.24m NOK (69% → 75% of revenue). Calculated
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COGS fell
COGS / varekostnad 203.0k NOK → 37.3k NOK (-81.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 93.7k NOK → 161.2k NOK. Reported fact