ADVOKAT24 AS: årsregnskap 2023 vs 2022
Shrank 22% on revenue, slipped into loss
approved 2024-04-30; registry 2024-05-04; journal 2024 392324
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKAT24 AS. Revenue 7.06m NOK → 5.50m NOK (-22.1%). Net result +342.0k NOK → -1.76m NOK. Equity 861.4k NOK → 9 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT24 AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 4.92m NOK → 4.73m NOK (70% → 86% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.06m NOK to 5.50m NOK (-22.1% YoY). Calculated
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↓
Operating result weakened
Operating result +543.4k NOK → -1.60m NOK (op. margin 7.7% → -29.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 342.0k NOK profit to a loss of 1.76m NOK. Calculated
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↓
Equity eroded
Book equity 861.4k NOK → 9 NOK (equity ratio 12.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 918.5k NOK → 513.2k NOK (-44.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation