Org.nr 919 534 524 2021 → 2022 Year-over-year analysis

ADVOKAT VEST AS: årsregnskap 2022 vs 2021

Shrank 100% on revenue, stronger earnings

approved 2023-05-09; registry 2023-05-11; journal 2023 398677

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKAT VEST AS. Revenue 477.4k NOK → 527 NOK (-99.9%). Net result +10.7k NOK → +40.6k NOK. Equity -66.8k NOK → -26.2k NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
477.4k NOK 527 NOK
-99.9%
Operating result
+21.9k NOK +54.5k NOK
+149.1%
Net result
+10.7k NOK +40.6k NOK
+279.2%
Equity
-66.8k NOK -26.2k NOK
+60.7%
Cash
3 188 NOK 31.6k NOK
+891.5%
Total assets
56.4k NOK 87.6k NOK
+55.4%

What improved

  • ↑

    Operating result improved

    Operating result +21.9k NOK → +54.5k NOK (op. margin 4.6% → 10334.7%). Calculated

  • ↑

    Net result improved

    Net result +10.7k NOK → +40.6k NOK (net margin 2.2% → 7696.4%). Calculated

  • ↑

    Equity strengthened

    Book equity -66.8k NOK → -26.2k NOK (equity ratio -118.5% → -29.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 3 188 NOK → 31.6k NOK (+891.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 477.4k NOK to 527 NOK (-99.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.19× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad -29.0k NOK → 2 645 NOK (+109.1% YoY). Calculated