Org.nr 890 944 612 2022 → 2023 Year-over-year analysis

ADVOKAT WIIK JOHANSEN AS: årsregnskap 2023 vs 2022

Shrank 7% on revenue, weaker earnings

approved 2024-04-20; registry 2024-04-24; journal 2024 372358

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT WIIK JOHANSEN AS. Revenue 2.72m NOK → 2.52m NOK (-7.4%). Net result +359.0k NOK → +123.9k NOK. Equity 3.26m NOK → 3.39m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

Scorecard

Revenue
2.72m NOK 2.52m NOK
-7.4%
Operating result
+465.3k NOK +162.4k NOK
-65.1%
Net result
+359.0k NOK +123.9k NOK
-65.5%
Equity
3.26m NOK 3.39m NOK
+3.8%
Cash
1.86m NOK 1.62m NOK
-13.0%
Total assets
3.72m NOK 3.84m NOK
+3.2%

What improved

  • ↑

    Equity strengthened

    Book equity 3.26m NOK → 3.39m NOK (equity ratio 87.7% → 88.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.72m NOK to 2.52m NOK (-7.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +465.3k NOK → +162.4k NOK (op. margin 17.1% → 6.5%). Calculated

  • ↓

    Net result weakened

    Net result +359.0k NOK → +123.9k NOK (net margin 13.2% → 4.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.86m NOK → 1.62m NOK (-13.0% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.27m NOK → 1.57m NOK (47% → 62% of revenue). Calculated