ADVOKAT LINE GULBRANDSEN AS: årsregnskap 2022 vs 2021
Grew 8% on revenue, weaker earnings
approved 2023-04-21; registry 2023-04-24; journal 2023 366506
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT LINE GULBRANDSEN AS. Revenue 1.78m NOK → 1.91m NOK (+7.5%). Net result +273.9k NOK → +132.3k NOK. Equity 784.4k NOK → 916.7k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT LINE GULBRANDSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.78m NOK to 1.91m NOK (+7.5% YoY). Calculated
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↑
Equity strengthened
Book equity 784.4k NOK → 916.7k NOK (equity ratio 497.1% → 72.3%). Calculated
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↑
Cash rose
Bank deposits 368.4k NOK → 406.7k NOK (+10.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.15× → 3.36×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +353.2k NOK → +172.4k NOK (op. margin 19.9% → 9.0%). Calculated
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↓
Net result weakened
Net result +273.9k NOK → +132.3k NOK (net margin 15.4% → 6.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 956.6k NOK → 1.21m NOK (54% → 64% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 5 104 NOK → 104.0k NOK. Reported fact