ADVOKAT SVEIN DRANGEID AS: årsregnskap 2022 vs 2021
Grew 18% on revenue, stronger earnings
approved 2023-04-27; registry 2023-05-02; journal 2023 378530
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKAT SVEIN DRANGEID AS. Revenue 1.91m NOK → 2.25m NOK (+17.9%). Net result +470.4k NOK → +644.5k NOK. Equity 620.8k NOK → 815.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT SVEIN DRANGEID AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.91m NOK to 2.25m NOK (+17.9% YoY). Calculated
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Operating result improved
Operating result +602.6k NOK → +816.4k NOK (op. margin 31.6% → 36.3%). Calculated
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Net result improved
Net result +470.4k NOK → +644.5k NOK (net margin 24.7% → 28.7%). Calculated
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Equity strengthened
Book equity 620.8k NOK → 815.3k NOK (equity ratio 62.2% → 282.4%). Calculated
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Cash rose
Bank deposits 108.6k NOK → 357.1k NOK (+228.9% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 2.64× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 832.4k NOK → 840.8k NOK (44% → 37% of revenue). Calculated