ADVOKAT RYE-HOLMBOE AS: årsregnskap 2023 vs 2022
Grew 16% on revenue, stronger earnings, cash halved-plus
approved 2024-04-23; registry 2024-04-25; journal 2024 376118
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT RYE-HOLMBOE AS. Revenue 1.99m NOK → 2.31m NOK (+16.1%). Net result +580.6k NOK → +835.1k NOK. Equity 12.11m NOK → 865.7k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT RYE-HOLMBOE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.99m NOK to 2.31m NOK (+16.1% YoY). Calculated
-
↑
Net result improved
Net result +580.6k NOK → +835.1k NOK (net margin 29.2% → 36.2%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +742.8k NOK → +67.7k NOK (op. margin 37.4% → 2.9%). Calculated
-
↓
Equity eroded
Book equity 12.11m NOK → 865.7k NOK (equity ratio 1194.5% → 62.1%). Calculated
-
↓
Cash fell
Bank deposits 543.1k NOK → 125.1k NOK (-77.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 896.6k NOK → 936.7k NOK (45% → 41% of revenue). Calculated