ADVOKAT HARALD HEGGEN BRØRBY AS: årsregnskap 2022 vs 2021
Grew 7% on revenue, cash halved-plus
approved 2023-04-27; registry 2023-05-02; journal 2023 379565
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT HARALD HEGGEN BRØRBY AS. Revenue 4.75m NOK → 5.09m NOK (+7.3%). Net result +1.17m NOK → +1.24m NOK. Equity 261.7k NOK → 306.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVOKAT HARALD HEGGEN BRØRBY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.75m NOK to 5.09m NOK (+7.3% YoY). Calculated
-
↑
Operating result improved
Operating result +1.50m NOK → +1.62m NOK (op. margin 31.6% → 31.8%). Calculated
-
↑
Net result improved
Net result +1.17m NOK → +1.24m NOK (net margin 24.6% → 24.4%). Calculated
-
↑
Equity strengthened
Book equity 261.7k NOK → 306.0k NOK (equity ratio 8.8% → 7.3%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 5.61m NOK → 1.44m NOK (-74.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.61m NOK → 1.44m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 2.11m NOK → 2.17m NOK (44% → 43% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 35.0k NOK → 26.8k NOK (-23.4% YoY). Calculated