FirmaIQ
Org.nr 977 309 786 2022 → 2023 Year-over-year analysis

ADVOKAT, REVISOR RISHOVD AS: årsregnskap 2023 vs 2022

Shrank 74% on revenue, stronger earnings, cash halved-plus

approved 2024-04-23; registry 2024-04-27; journal 2024 378045

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT, REVISOR RISHOVD AS. Revenue 2.16m NOK → 554.5k NOK (-74.3%). Net result +38.6k NOK → +209.5k NOK. Equity 196.9k NOK → 379.3k NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT, REVISOR RISHOVD AS.

At a glance

Scorecard

Revenue
2.16m NOK 554.5k NOK
-74.3%
Operating result
+60.2k NOK +273.2k NOK
+354.1%
Net result
+38.6k NOK +209.5k NOK
+443.3%
Equity
196.9k NOK 379.3k NOK
+92.6%
Cash
3.85m NOK 486.1k NOK
-87.4%
Total assets
1.86m NOK 637.2k NOK
-65.8%

What improved

  • ↑

    Operating result improved

    Operating result +60.2k NOK → +273.2k NOK (op. margin 2.8% → 49.3%). Calculated

  • ↑

    Net result improved

    Net result +38.6k NOK → +209.5k NOK (net margin 1.8% → 37.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 196.9k NOK → 379.3k NOK (equity ratio 10.6% → 59.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.92m NOK → 41.2k NOK (89% → 7% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.16m NOK to 554.5k NOK (-74.3% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 3.85m NOK → 486.1k NOK (-87.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.85m NOK → 486.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation