ADVOKAT NIELS - CHRISTIAN HOLM AS: årsregnskap 2023 vs 2022
Shrank 6% on revenue, slipped into loss
approved 2024-04-26; registry 2024-05-02; journal 2024 387003
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT NIELS - CHRISTIAN HOLM AS. Revenue 556.0k NOK → 524.2k NOK (-5.7%). Net result +69.2k NOK → -56.7k NOK. Equity 99.2k NOK → 42.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT NIELS - CHRISTIAN HOLM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 171.9k NOK → 188.2k NOK (+9.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 556.0k NOK to 524.2k NOK (-5.7% YoY). Calculated
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↓
Operating result weakened
Operating result +100.8k NOK → -56.1k NOK (op. margin 18.1% → -10.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 69.2k NOK profit to a loss of 56.7k NOK. Calculated
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↓
Equity eroded
Book equity 99.2k NOK → 42.5k NOK (equity ratio 24.3% → 14.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 334.7k NOK → 498.3k NOK (60% → 95% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 22.4k NOK → 7 NOK. Reported fact