ADVOKAT LØVDAL AS: årsregnskap 2022 vs 2021
Shrank 92% on revenue, slipped into loss
approved 2023-02-13; registry 2023-02-20; journal 2023 307567
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT LØVDAL AS. Revenue 1.70m NOK → 131.6k NOK (-92.3%). Net result +136.5k NOK → -372.9k NOK. Equity 790.6k NOK → 417.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT LØVDAL AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 889.2k NOK → 283.9k NOK (52% → 216% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.70m NOK to 131.6k NOK (-92.3% YoY). Calculated
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↓
Operating result weakened
Operating result +182.6k NOK → -371.3k NOK (op. margin 10.7% → -282.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 136.5k NOK profit to a loss of 372.9k NOK. Calculated
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↓
Equity eroded
Book equity 790.6k NOK → 417.6k NOK (equity ratio 1793.6% → 76.4%). Calculated
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↓
Cash fell
Bank deposits 463.3k NOK → 309.7k NOK (-33.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 3 200 NOK → 200.0k NOK. Reported fact