ADVOKAT MARIANNE HOGNESTAD AS: årsregnskap 2022 vs 2021
Grew 11% on revenue, stronger earnings, cash halved-plus
approved 2023-04-11; registry 2023-04-13; journal 2023 351276
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT MARIANNE HOGNESTAD AS. Revenue 1.60m NOK → 1.79m NOK (+11.5%). Net result +337.9k NOK → +490.9k NOK. Equity 776.3k NOK → 167.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKAT MARIANNE HOGNESTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.60m NOK to 1.79m NOK (+11.5% YoY). Calculated
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Operating result improved
Operating result +433.5k NOK → +629.5k NOK (op. margin 27.0% → 35.2%). Calculated
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Net result improved
Net result +337.9k NOK → +490.9k NOK (net margin 21.1% → 27.5%). Calculated
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Current ratio back above 1×
Current ratio 0.43× → 3.09×. Calculated
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Payroll decreased
Salary cost 641.9k NOK → 636.6k NOK (40% → 36% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 776.3k NOK → 167.2k NOK (equity ratio 301.8% → 9.9%). Calculated
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Cash fell
Bank deposits 880.4k NOK → 366.4k NOK (-58.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 7 595 NOK → 2 242 NOK (-70.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 50.0k NOK → 70.0k NOK. Reported fact