ADVOKAT KJELL-ARNE MATHISEN AS: årsregnskap 2023 vs 2022
Grew 6% on revenue, slipped into loss, cash halved-plus
approved 2024-04-30; registry 2024-05-06; journal 2024 395047
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT KJELL-ARNE MATHISEN AS. Revenue 699.3k NOK → 741.6k NOK (+6.1%). Net result +66.4k NOK → -76.0k NOK. Equity 38.8k NOK → -37.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT KJELL-ARNE MATHISEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 699.3k NOK to 741.6k NOK (+6.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +66.4k NOK → -79.2k NOK (op. margin 9.5% → -10.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 66.4k NOK profit to a loss of 76.0k NOK. Calculated
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↓
Equity eroded
Book equity 38.8k NOK → -37.2k NOK (equity ratio 20.2% → -30.7%). Calculated
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↓
Cash fell
Bank deposits 92.6k NOK → 45.8k NOK (-50.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.19× → 0.70× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -30.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 344.2k NOK → 472.0k NOK (49% → 64% of revenue). Calculated
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COGS moved
COGS / varekostnad 7 841 NOK → 56.8k NOK (+624.5% YoY). Calculated