Org.nr 917 020 477 2022 → 2023 Year-over-year analysis

ADVOKAT GRY SØRHUS MOLLAN AS: årsregnskap 2023 vs 2022

Grew 40% on revenue, stronger earnings, cash halved-plus

approved 2024-04-30; registry 2024-05-04; journal 2024 391157

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT GRY SØRHUS MOLLAN AS. Revenue 1.15m NOK → 1.60m NOK (+40.0%). Net result +97.4k NOK → +205.1k NOK. Equity 944.3k NOK → 949.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT GRY SØRHUS MOLLAN AS.

Scorecard

Revenue
1.15m NOK 1.60m NOK
+40.0%
Operating result
+124.6k NOK +264.5k NOK
+112.3%
Net result
+97.4k NOK +205.1k NOK
+110.7%
Equity
944.3k NOK 949.4k NOK
+0.5%
Cash
943.9k NOK 237.4k NOK
-74.8%
Total assets
1.16m NOK 1.47m NOK
+27.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.15m NOK to 1.60m NOK (+40.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +124.6k NOK → +264.5k NOK (op. margin 10.9% → 16.5%). Calculated

  • ↑

    Net result improved

    Net result +97.4k NOK → +205.1k NOK (net margin 8.5% → 12.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 944.3k NOK → 949.4k NOK (equity ratio 81.3% → 64.4%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 943.9k NOK → 237.4k NOK (-74.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 543.1k NOK → 863.4k NOK (47% → 54% of revenue). Calculated