ADVOKAT GEIR FRØHOLM AS: årsregnskap 2023 vs 2022
Shrank 50% on revenue, stronger earnings
approved 2024-04-23; registry 2024-05-25; journal 2024 380076
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT GEIR FRØHOLM AS. Revenue 388.8k NOK → 194.0k NOK (-50.1%). Net result +3 266 NOK → +67.6k NOK. Equity 3.29m NOK → 356.5k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +3 266 NOK → +67.6k NOK (net margin 0.8% → 34.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 388.8k NOK to 194.0k NOK (-50.1% YoY). Calculated
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↓
Operating result weakened
Operating result +341.0k NOK → +84.2k NOK (op. margin 87.7% → 43.4%). Calculated
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↓
Equity eroded
Book equity 3.29m NOK → 356.5k NOK (equity ratio 797.4% → 85.3%). Calculated
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↓
Cash fell
Bank deposits 397.4k NOK → 394.8k NOK (-0.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 7 602 NOK (0% → 4% of revenue). Calculated