FirmaIQ
Org.nr 979 805 756 2022 → 2023 Year-over-year analysis

ADVOKAT IMNA HARALD OTTERSTAD AS: årsregnskap 2023 vs 2022

Shrank 78% on revenue, weaker earnings, cash halved-plus

approved 2024-04-29; registry 2024-05-04; journal 2024 390761

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT IMNA HARALD OTTERSTAD AS. Revenue 1.65m NOK → 354.9k NOK (-78.4%). Net result -46.3k NOK → -103.5k NOK. Equity 153.0k NOK → 49.5k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.65m NOK 354.9k NOK
-78.4%
Operating result
-21.7k NOK -95.2k NOK
-339.3%
Net result
-46.3k NOK -103.5k NOK
-123.5%
Equity
153.0k NOK 49.5k NOK
-67.6%
Cash
138.1k NOK 66.1k NOK
-52.2%
Total assets
446.6k NOK 76.8k NOK
-82.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.99m NOK → 170.7k NOK (121% → 48% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.65m NOK to 354.9k NOK (-78.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -21.7k NOK → -95.2k NOK (op. margin -1.3% → -26.8%). Calculated

  • ↓

    Net result weakened

    Net result -46.3k NOK → -103.5k NOK (net margin -2.8% → -29.2%). Calculated

  • ↓

    Equity eroded

    Book equity 153.0k NOK → 49.5k NOK (equity ratio 34.3% → 64.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 138.1k NOK → 66.1k NOK (-52.2% YoY). Calculated