Org.nr 925 593 958 2022 → 2023 Year-over-year analysis

ADVOKAT RINGKJØB AS: årsregnskap 2023 vs 2022

Grew 19% on revenue, stronger earnings, cash halved-plus

approved 2024-03-07; registry 2024-03-11; journal 2024 322990

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT RINGKJØB AS. Revenue 2.86m NOK → 3.40m NOK (+18.9%). Net result +366.1k NOK → +741.7k NOK. Equity 1.39m NOK → 2.13m NOK.

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

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

Scorecard

Revenue
2.86m NOK 3.40m NOK
+18.9%
Operating result
+472.2k NOK +953.3k NOK
+101.9%
Net result
+366.1k NOK +741.7k NOK
+102.6%
Equity
1.39m NOK 2.13m NOK
+53.4%
Cash
978.6k NOK 247.4k NOK
-74.7%
Total assets
2.10m NOK 2.77m NOK
+31.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.86m NOK to 3.40m NOK (+18.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +472.2k NOK → +953.3k NOK (op. margin 16.5% → 28.1%). Calculated

  • ↑

    Net result improved

    Net result +366.1k NOK → +741.7k NOK (net margin 12.8% → 21.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.39m NOK → 2.13m NOK (equity ratio 66.1% → 77.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 978.6k NOK → 247.4k NOK (-74.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2 NOK → 1.76m NOK (0% → 52% of revenue). Calculated