ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2022 vs 2021
Shrank 6% on revenue, weaker earnings
approved 2023-03-08; registry 2023-03-11; journal 2023 321894
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 3.34m NOK → 3.14m NOK (-5.9%). Net result +846.7k NOK → +670.1k NOK. Equity 393.7k NOK → 163.8k NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +117.3k NOK → +904.8k NOK (op. margin 3.5% → 28.8%). Calculated
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Cash rose
Bank deposits 593.9k NOK → 1.17m NOK (+97.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.53× → 1.07×. Calculated
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Payroll decreased
Salary cost 1.32m NOK → 1.24m NOK (39% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.34m NOK to 3.14m NOK (-5.9% YoY). Calculated
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Net result weakened
Net result +846.7k NOK → +670.1k NOK (net margin 25.3% → 21.3%). Calculated
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↓
Equity eroded
Book equity 393.7k NOK → 163.8k NOK. Calculated
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↓
COGS moved
COGS / varekostnad 6 307 NOK → 23.4k NOK (+270.7% YoY). Calculated