Org.nr 989 746 944 2022 → 2023 Year-over-year analysis

ADVOKAT LENE FRYKMAN AS: årsregnskap 2023 vs 2022

Shrank 6% on revenue, weaker earnings

approved 2024-04-25; registry 2024-04-29; journal 2024 383632

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT LENE FRYKMAN AS. Revenue 1.95m NOK → 1.82m NOK (-6.3%). Net result +332.4k NOK → +93.0k NOK. Equity 1.21m NOK → 1.30m NOK.

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

Net tougher year on the published lines.

Scorecard

Revenue
1.95m NOK 1.82m NOK
-6.3%
Operating result
+441.4k NOK +76.8k NOK
-82.6%
Net result
+332.4k NOK +93.0k NOK
-72.0%
Equity
1.21m NOK 1.30m NOK
+7.7%
Cash
654.5k NOK 485.2k NOK
-25.9%
Total assets
1.58m NOK 1.61m NOK
+2.0%

What improved

  • ↑

    Equity strengthened

    Book equity 1.21m NOK → 1.30m NOK (equity ratio 76.6% → 80.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.95m NOK to 1.82m NOK (-6.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +441.4k NOK → +76.8k NOK (op. margin 22.7% → 4.2%). Calculated

  • ↓

    Net result weakened

    Net result +332.4k NOK → +93.0k NOK (net margin 17.1% → 5.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 654.5k NOK → 485.2k NOK (-25.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.01m NOK → 1.10m NOK (52% → 60% of revenue). Calculated