ADVOKAT GRO ARNESEN FREMSTAD AS: årsregnskap 2022 vs 2021
Grew 34% on revenue, weaker earnings, cash halved-plus
approved 2023-04-24; registry 2023-05-02; journal 2023 375737
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT GRO ARNESEN FREMSTAD AS. Revenue 1.98m NOK → 2.64m NOK (+33.8%). Net result +578.9k NOK → +6 674 NOK. Equity 609.3k NOK → 65.9k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT GRO ARNESEN FREMSTAD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.98m NOK to 2.64m NOK (+33.8% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.98m NOK → 1.02m NOK (151% → 38% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +742.3k NOK → +292.8k NOK (op. margin 37.6% → 11.1%). Calculated
-
↓
Net result weakened
Net result +578.9k NOK → +6 674 NOK (net margin 29.3% → 0.3%). Calculated
-
↓
Equity eroded
Book equity 609.3k NOK → 65.9k NOK (equity ratio 58.6% → 3.8%). Calculated
-
↓
Cash fell
Bank deposits 467.1k NOK → 28.4k NOK (-93.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation