ADVOKAT STENSLAND & CO AS: årsregnskap 2022 vs 2021
Grew 18% on revenue, weaker earnings, cash halved-plus
approved 2023-04-29; registry 2023-05-06; journal 2023 388937
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT STENSLAND & CO AS. Revenue 2.69m NOK → 3.18m NOK (+18.1%). Net result +140.2k NOK → +52.5k NOK. Equity 340.2k NOK → 222.8k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT STENSLAND & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.69m NOK to 3.18m NOK (+18.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.08× → 6.98×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +184.3k NOK → +74.4k NOK (op. margin 6.9% → 2.3%). Calculated
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↓
Net result weakened
Net result +140.2k NOK → +52.5k NOK (net margin 5.2% → 1.7%). Calculated
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↓
Equity eroded
Book equity 340.2k NOK → 222.8k NOK (equity ratio 65.0% → 11.8%). Calculated
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↓
Cash fell
Bank deposits 651.3k NOK → 3 317 NOK (-99.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.84m NOK → 2.09m NOK (69% → 66% of revenue). Calculated