ADVOKAT MORTEN ENGESBAK AS: årsregnskap 2023 vs 2022
Shrank 18% on revenue, slipped into loss, cash halved-plus
approved 2024-04-30; registry 2024-05-04; journal 2024 392306
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT MORTEN ENGESBAK AS. Revenue 3.13m NOK → 2.57m NOK (-17.7%). Net result +139.7k NOK → -380.7k NOK. Equity 2.38m NOK → 10 NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT MORTEN ENGESBAK AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 300 NOK → 300.0k NOK (+299.7k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.13m NOK to 2.57m NOK (-17.7% YoY). Calculated
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↓
Operating result weakened
Operating result +177.7k NOK → -380.8k NOK (op. margin 5.7% → -14.8%). Calculated
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Fell into a net loss
Net result flipped from 139.7k NOK profit to a loss of 380.7k NOK. Calculated
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↓
Equity eroded
Book equity 2.38m NOK → 10 NOK (equity ratio 1054.7% → 0.0%). Calculated
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Cash fell
Bank deposits 258.1k NOK → 73.5k NOK (-71.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation