ADVOKAT MAGNHILD MERINGEN AS: årsregnskap 2022 vs 2021
Grew 16% on revenue, weaker earnings
approved 2023-04-28; registry 2023-05-02; journal 2023 380391
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT MAGNHILD MERINGEN AS. Revenue 1.98m NOK → 2.29m NOK (+15.5%). Net result +402.0k NOK → +114.0k NOK. Equity 1.65m NOK → 1.66m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT MAGNHILD MERINGEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.98m NOK to 2.29m NOK (+15.5% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.65m NOK → 1.66m NOK (equity ratio 72.3% → 70.4%). Calculated
-
↑
Cash rose
Bank deposits 386.4k NOK → 460.9k NOK (+19.3% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +205.8k NOK → +4 126 NOK (op. margin 10.4% → 0.2%). Calculated
-
↓
Net result weakened
Net result +402.0k NOK → +114.0k NOK (net margin 20.3% → 5.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.35m NOK → 1.82m NOK (68% → 80% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 1.31m NOK → 1.24m NOK. Reported fact