ADVOKATEN AS: årsregnskap 2023 vs 2022
Shrank 16% on revenue, returned to profit
approved 2024-04-26; registry 2024-05-13; journal 2024 406513
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATEN AS. Revenue 960.9k NOK → 803.1k NOK (-16.4%). Net result -39.7k NOK → +258.3k NOK. Equity 484.0k NOK → 742.4k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -37.4k NOK → +310.8k NOK (op. margin -3.9% → 38.7%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 39.7k NOK to a profit of 258.3k NOK. Calculated
-
↑
Equity strengthened
Book equity 484.0k NOK → 742.4k NOK (equity ratio 68.3% → 2852.5%). Calculated
-
↑
Cash rose
Bank deposits 709.2k NOK → 885.8k NOK (+24.9% YoY). Calculated
-
↑
Payroll decreased
Salary cost 882.3k NOK → 388.4k NOK (92% → 48% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 960.9k NOK to 803.1k NOK (-16.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.15× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated