ADVOKAT MADS TORRISSEN AS: årsregnskap 2023 vs 2022
Shrank 24% on revenue, weaker earnings
approved 2024-04-23; registry 2024-04-27; journal 2024 377033
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT MADS TORRISSEN AS. Revenue 832.2k NOK → 631.8k NOK (-24.1%). Net result +181.5k NOK → +11.0k NOK. Equity 1.23m NOK → 252.6k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT MADS TORRISSEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 34.4k NOK → 122.1k NOK (+254.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.78× → 3.88×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 832.2k NOK to 631.8k NOK (-24.1% YoY). Calculated
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↓
Operating result weakened
Operating result +244.2k NOK → +14.0k NOK (op. margin 29.3% → 2.2%). Calculated
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↓
Net result weakened
Net result +181.5k NOK → +11.0k NOK (net margin 21.8% → 1.7%). Calculated
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↓
Equity eroded
Book equity 1.23m NOK → 252.6k NOK (equity ratio 90.2% → 74.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 46.2k NOK → 1.14m NOK (6% → 180% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 252.5k NOK → 0 NOK. Reported fact