ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2024 vs 2023
Shrank 93% on revenue, stronger earnings, cash halved-plus
approved 2025-04-30; registry 2025-05-06; journal 2025 406636
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 573.4k NOK → 41.0k NOK (-92.9%). Net result -457.1k NOK → -305.8k NOK. Equity -59.9k NOK → -365.7k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. 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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Operating result improved
Operating result -405.9k NOK → -265.0k NOK (op. margin -70.8% → -647.0%). Calculated
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Net result improved
Net result -457.1k NOK → -305.8k NOK (net margin -79.7% → -746.6%). Calculated
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Payroll decreased
Salary cost 2.44m NOK → 1 446 NOK (425% → 4% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 573.4k NOK to 41.0k NOK (-92.9% YoY). Calculated
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Equity eroded
Book equity -59.9k NOK → -365.7k NOK (equity ratio -11.0% → -76.0%). Calculated
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Cash fell
Bank deposits 48.4k NOK → 7 745 NOK (-84.0% YoY). Calculated
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COGS moved
COGS / varekostnad 8 854 NOK → 349.4k NOK (+3846.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -76.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation