ADVOKAT KÅRE EUGEN JØLBERG AS: årsregnskap 2023 vs 2022
Grew 39% on revenue, weaker earnings, cash halved-plus
approved 2024-04-29; registry 2024-05-02; journal 2024 386739
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT KÅRE EUGEN JØLBERG AS. Revenue 2.45m NOK → 3.41m NOK (+38.8%). Net result +626.7k NOK → +171.0k NOK. Equity 449.9k NOK → 420.9k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT KÅRE EUGEN JØLBERG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.45m NOK to 3.41m NOK (+38.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.00m NOK → 1.05m NOK (163% → 31% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +804.4k NOK → +503.2k NOK (op. margin 32.8% → 14.8%). Calculated
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↓
Net result weakened
Net result +626.7k NOK → +171.0k NOK (net margin 25.5% → 5.0%). Calculated
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↓
Equity eroded
Book equity 449.9k NOK → 420.9k NOK (equity ratio 22.9% → 15.9%). Calculated
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↓
Cash fell
Bank deposits 4.49m NOK → 7 NOK (-100.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.49m NOK → 7 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation