Org.nr 987 675 799 2022 → 2023 Year-over-year analysis

ADVOKATENE CHRISTIAN WIIG & CO AS: årsregnskap 2023 vs 2022

Shrank 16% on revenue, stronger earnings

approved 2024-04-29; registry 2024-05-04; journal 2024 392013

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATENE CHRISTIAN WIIG & CO AS. Revenue 12.45m NOK → 10.48m NOK (-15.8%). Net result +70.5k NOK → +654.7k NOK. Equity 1.12m NOK → 1.77m NOK.

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

Also worth watching: paid-in equity reduced; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATENE CHRISTIAN WIIG & CO AS.

Scorecard

Revenue
12.45m NOK 10.48m NOK
-15.8%
Operating result
+102.2k NOK +847.1k NOK
+729.1%
Net result
+70.5k NOK +654.7k NOK
+829.3%
Equity
1.12m NOK 1.77m NOK
+58.6%
Cash
424.0k NOK 279.6k NOK
-34.0%
Total assets
4.73m NOK 5.02m NOK
+6.0%

What improved

  • ↑

    Operating result improved

    Operating result +102.2k NOK → +847.1k NOK (op. margin 0.8% → 8.1%). Calculated

  • ↑

    Net result improved

    Net result +70.5k NOK → +654.7k NOK (net margin 0.6% → 6.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.12m NOK → 1.77m NOK (equity ratio 23.6% → 35.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.45m NOK to 10.48m NOK (-15.8% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 424.0k NOK → 279.6k NOK (-34.0% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 120.0k NOK → 106.7k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 258.5k NOK → 177.5k NOK (-31.3% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 9 → 7. Reported fact