ADVOKATENE CLEMETSEN & MOHAMMAD AS: årsregnskap 2022 vs 2021
Shrank 6% on revenue, weaker earnings
registry 2023-09-09; journal 2023 726026
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATENE CLEMETSEN & MOHAMMAD AS. Revenue 2.56m NOK → 2.39m NOK (-6.4%). Net result +209.1k NOK → +131.4k NOK. Equity 785.7k NOK → -1.85m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE CLEMETSEN & MOHAMMAD AS.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.29× → 1.07×. Calculated
-
↑
Payroll decreased
Salary cost 1.25m NOK → 1.22m NOK (49% → 51% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.56m NOK to 2.39m NOK (-6.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +288.8k NOK → +138.5k NOK (op. margin 11.3% → 5.8%). Calculated
-
↓
Net result weakened
Net result +209.1k NOK → +131.4k NOK (net margin 8.2% → 5.5%). Calculated
-
↓
Equity eroded
Book equity 785.7k NOK → -1.85m NOK (equity ratio 61.0% → -180.2%). Calculated
-
↓
Cash fell
Bank deposits 985.6k NOK → 800.7k NOK (-18.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -180.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation