FirmaIQ
Org.nr 920 225 276 2022 → 2023 Year-over-year analysis

ADVOKAT SOLHEIM AS: årsregnskap 2023 vs 2022

Cash halved-plus

approved 2024-04-02; registry 2024-04-04; journal 2024 344917

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT SOLHEIM AS. Revenue 889.8k NOK → 898.1k NOK (+0.9%). Net result +563.3k NOK → +650.6k NOK. Equity 1.30m NOK → 1.95m NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT SOLHEIM AS.

At a glance

Scorecard

Revenue
889.8k NOK 898.1k NOK
+0.9%
Operating result
+722.7k NOK +781.1k NOK
+8.1%
Net result
+563.3k NOK +650.6k NOK
+15.5%
Equity
1.30m NOK 1.95m NOK
+49.9%
Cash
1.38m NOK 111.4k NOK
-91.9%
Total assets
1.48m NOK 2.22m NOK
+49.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 889.8k NOK to 898.1k NOK (+0.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +722.7k NOK → +781.1k NOK (op. margin 81.2% → 87.0%). Calculated

  • ↑

    Net result improved

    Net result +563.3k NOK → +650.6k NOK (net margin 63.3% → 72.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.30m NOK → 1.95m NOK (equity ratio 87.8% → 88.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.38m NOK → 111.4k NOK (-91.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.38m NOK → 111.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation