ADVOKAT METTE LOE AS: årsregnskap 2022 vs 2021
Grew 55% on revenue, stronger earnings, cash halved-plus
approved 2023-04-28; registry 2023-05-02; journal 2023 381641
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT METTE LOE AS. Revenue 1.49m NOK → 2.31m NOK (+55.2%). Net result +6 575 NOK → +320.2k NOK. Equity -23.6k NOK → 296.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT METTE LOE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.49m NOK to 2.31m NOK (+55.2% YoY). Calculated
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Operating result improved
Operating result +3 374 NOK → +399.1k NOK (op. margin 0.2% → 17.3%). Calculated
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Net result improved
Net result +6 575 NOK → +320.2k NOK (net margin 0.4% → 13.9%). Calculated
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Equity strengthened
Book equity -23.6k NOK → 296.6k NOK (equity ratio -0.6% → 35.9%). Calculated
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Current ratio back above 1×
Current ratio 0.98× → 1.10×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.80m NOK → 291.3k NOK (-92.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.80m NOK → 291.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation