ADVOKAT MORTEN ENGESBAK AS: årsregnskap 2022 vs 2021
Grew 20% on revenue, stronger earnings
approved 2023-04-28; registry 2023-05-03; journal 2023 382926
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT MORTEN ENGESBAK AS. Revenue 2.60m NOK → 3.13m NOK (+20.3%). Net result +7 NOK → +139.7k NOK. Equity 40.5k NOK → 2.38m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKAT MORTEN ENGESBAK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.60m NOK to 3.13m NOK (+20.3% YoY). Calculated
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Operating result improved
Operating result -277.3k NOK → +177.7k NOK (op. margin -10.7% → 5.7%). Calculated
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Net result improved
Net result +7 NOK → +139.7k NOK (net margin 0.0% → 4.5%). Calculated
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Equity strengthened
Book equity 40.5k NOK → 2.38m NOK (equity ratio 5.1% → 1054.7%). Calculated
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Payroll decreased
Salary cost 1.63m NOK → 1.49m NOK (63% → 48% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 494.1k NOK → 258.1k NOK (-47.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.04× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 300 NOK — check capital reduction, conversion, or reclassification. Interpretation