ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2023 vs 2022
Grew 40% on revenue, stronger earnings
approved 2024-04-25; registry 2024-05-02; journal 2024 386638
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 3.14m NOK → 4.40m NOK (+40.0%). Net result +670.1k NOK → +843.5k NOK. Equity 163.8k NOK → 107.3k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT OLAV MARTIN JENTOFT JR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.14m NOK to 4.40m NOK (+40.0% YoY). Calculated
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Net result improved
Net result +670.1k NOK → +843.5k NOK (net margin 21.3% → 19.2%). Calculated
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Cash rose
Bank deposits 1.17m NOK → 1.64m NOK (+39.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +904.8k NOK → +159.1k NOK (op. margin 28.8% → 3.6%). Calculated
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Equity eroded
Book equity 163.8k NOK → 107.3k NOK. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.24m NOK → 2.11m NOK (39% → 48% of revenue). Calculated
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COGS moved
COGS / varekostnad 23.4k NOK → 40.7k NOK (+73.9% YoY). Calculated