ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2023 vs 2022
Shrank 12% on revenue, weaker earnings
registry 2024-05-04; journal 2024 392252
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 648.6k NOK → 573.4k NOK (-11.6%). Net result -367.9k NOK → -457.1k NOK. Equity 397.2k NOK → -59.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; 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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↑
Cash rose
Bank deposits 8 603 NOK → 48.4k NOK (+462.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 648.6k NOK to 573.4k NOK (-11.6% YoY). Calculated
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↓
Operating result weakened
Operating result -347.1k NOK → -405.9k NOK (op. margin -53.5% → -70.8%). Calculated
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↓
Net result weakened
Net result -367.9k NOK → -457.1k NOK (net margin -56.7% → -79.7%). Calculated
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↓
Equity eroded
Book equity 397.2k NOK → -59.9k NOK (equity ratio 45.1% → -11.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.76× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 156.0k NOK → 8 854 NOK (-94.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 34.0k NOK → 1 NOK. Reported fact