Org.nr 997 930 169 2021 → 2022 Year-over-year analysis

ADVOKAT OLE HÅKON ELLINGSEN AS: årsregnskap 2022 vs 2021

Grew 15% on revenue

approved 2023-04-18; registry 2023-04-24; journal 2023 366554

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT OLE HÅKON ELLINGSEN AS. Revenue 3.09m NOK → 3.55m NOK (+15.0%). Net result +1.06m NOK → +1.11m NOK. Equity 495.4k NOK → 302.3k NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT OLE HÅKON ELLINGSEN AS.

Scorecard

Revenue
3.09m NOK 3.55m NOK
+15.0%
Operating result
+1.36m NOK +1.42m NOK
+4.5%
Net result
+1.06m NOK +1.11m NOK
+4.7%
Equity
495.4k NOK 302.3k NOK
-39.0%
Cash
1.43m NOK 1.30m NOK
-9.3%
Total assets
2.22m NOK 2.53m NOK
+13.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.09m NOK to 3.55m NOK (+15.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.36m NOK → +1.42m NOK (op. margin 43.9% → 39.9%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 495.4k NOK → 302.3k NOK (equity ratio 22.3% → 11.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.43m NOK → 1.30m NOK (-9.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.34m NOK → 1.66m NOK (43% → 47% of revenue). Calculated