ADVOKAT OLE HÅKON ELLINGSEN AS: årsregnskap 2023 vs 2022
Stronger earnings
approved 2024-02-05; registry 2024-02-08; journal 2024 305105
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT OLE HÅKON ELLINGSEN AS. Revenue 3.55m NOK → 3.72m NOK (+4.6%). Net result +1.11m NOK → +3.97m NOK. Equity 302.3k NOK → 75.0k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT OLE HÅKON ELLINGSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.55m NOK to 3.72m NOK (+4.6% YoY). Calculated
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↑
Net result improved
Net result +1.11m NOK → +3.97m NOK (net margin 31.1% → 106.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.42m NOK → +1.24m NOK (op. margin 39.9% → 33.5%). Calculated
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↓
Equity eroded
Book equity 302.3k NOK → 75.0k NOK (equity ratio 11.9% → 3.3%). Calculated
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↓
Cash fell
Bank deposits 1.30m NOK → 1.25m NOK (-3.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.66m NOK → 2.00m NOK (47% → 54% of revenue). Calculated