ADVOKATENE BORGERSEN & STEINSVÅG AS: årsregnskap 2022 vs 2021
Grew 8% on revenue, slipped into loss
approved 2023-03-15; registry 2023-04-24; journal 2023 365033
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATENE BORGERSEN & STEINSVÅG AS. Revenue 7.08m NOK → 7.63m NOK (+7.7%). Net result +382.2k NOK → -406.2k NOK. Equity 800.8k NOK → 394.6k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATENE BORGERSEN & STEINSVÅG AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 7.08m NOK to 7.63m NOK (+7.7% YoY). Calculated
-
↑
Cash rose
Bank deposits 953.2k NOK → 1.60m NOK (+68.1% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.93× → 1.07×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +482.0k NOK → -420.5k NOK (op. margin 6.8% → -5.5%). Calculated
-
↓
Fell into a net loss
Net result flipped from 382.2k NOK profit to a loss of 406.2k NOK. Calculated
-
↓
Equity eroded
Book equity 800.8k NOK → 394.6k NOK (equity ratio 14.9% → 8.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 129.1k NOK → 83.5k NOK (-35.3% YoY). Calculated