FirmaIQ
Org.nr 915 583 237 2022 → 2023 Year-over-year analysis

ADVOKAT HANNE WESCHE AS: årsregnskap 2023 vs 2022

Stronger earnings, cash halved-plus

approved 2024-04-12; registry 2024-04-15; journal 2024 358736

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT HANNE WESCHE AS. Revenue 3.20m NOK → 3.09m NOK (-3.4%). Net result +34.9k NOK → +1.08m NOK. Equity 2.92m NOK → 2.00m NOK.

On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT HANNE WESCHE AS.

At a glance

Scorecard

Revenue
3.20m NOK 3.09m NOK
-3.4%
Operating result
+1.33m NOK +1.10m NOK
-17.2%
Net result
+34.9k NOK +1.08m NOK
+2982.9%
Equity
2.92m NOK 2.00m NOK
-31.5%
Cash
4.29m NOK 1.00m NOK
-76.6%
Total assets
6.18m NOK 2.70m NOK
-56.3%

What improved

  • ↑

    Net result improved

    Net result +34.9k NOK → +1.08m NOK (net margin 1.1% → 34.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.20m NOK to 3.09m NOK (-3.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.33m NOK → +1.10m NOK (op. margin 41.5% → 35.6%). Calculated

  • ↓

    Equity eroded

    Book equity 2.92m NOK → 2.00m NOK (equity ratio 47.3% → 74.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.29m NOK → 1.00m NOK (-76.6% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.25m NOK → 1.41m NOK (39% → 46% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (4.29m NOK → 1.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation