ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2022 vs 2021
Shrank 28% on revenue, weaker earnings
approved 2023-04-24; registry 2023-05-02; journal 2023 381619
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 902.3k NOK → 648.6k NOK (-28.1%). Net result -162.8k NOK → -367.9k NOK. Equity 765.1k NOK → 397.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT SIGVALD ARNE MORTVEIT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.41m NOK → 2.43m NOK (378% → 375% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 902.3k NOK to 648.6k NOK (-28.1% YoY). Calculated
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↓
Operating result weakened
Operating result -144.1k NOK → -347.1k NOK (op. margin -16.0% → -53.5%). Calculated
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↓
Net result weakened
Net result -162.8k NOK → -367.9k NOK (net margin -18.0% → -56.7%). Calculated
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↓
Equity eroded
Book equity 765.1k NOK → 397.2k NOK (equity ratio 64.0% → 45.1%). Calculated
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↓
Cash fell
Bank deposits 10.1k NOK → 8 603 NOK (-14.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1 NOK → 34.0k NOK. Reported fact