FirmaIQ
Org.nr 988 409 618 2021 → 2022 Year-over-year analysis

ADVOKAT OLE-PETTER G HOFF AS: årsregnskap 2022 vs 2021

Shrank 9% on revenue

approved 2023-04-30; registry 2023-05-03; journal 2023 382708

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT OLE-PETTER G HOFF AS. Revenue 5.95m NOK → 5.41m NOK (-9.0%). Net result +2.35m NOK → +2.17m NOK. Equity 10.62m NOK → 11.78m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT OLE-PETTER G HOFF AS.

At a glance

Scorecard

Revenue
5.95m NOK 5.41m NOK
-9.0%
Operating result
+3.02m NOK +2.58m NOK
-14.5%
Net result
+2.35m NOK +2.17m NOK
-8.0%
Equity
10.62m NOK 11.78m NOK
+11.0%
Cash
8.30m NOK 10.89m NOK
+31.2%
Total assets
12.05m NOK 14.12m NOK
+17.2%

What improved

  • ↑

    Equity strengthened

    Book equity 10.62m NOK → 11.78m NOK (equity ratio 88.1% → 83.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 8.30m NOK → 10.89m NOK (+31.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.95m NOK to 5.41m NOK (-9.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.02m NOK → +2.58m NOK (op. margin 50.8% → 47.7%). Calculated

  • ↓

    Net result weakened

    Net result +2.35m NOK → +2.17m NOK (net margin 39.6% → 40.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.92m NOK → 2.03m NOK (32% → 38% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 47.9k NOK → 34.9k NOK (-27.1% YoY). Calculated