FirmaIQ
Org.nr 915 063 640 2022 → 2023 Year-over-year analysis

ADVOKATENE PÅ ST. OLAVS PLASS AS: årsregnskap 2023 vs 2022

Grew 19% on revenue, returned to profit

approved 2024-03-31; registry 2024-05-13; journal 2024 407053

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATENE PÅ ST. OLAVS PLASS AS. Revenue 1.12m NOK → 1.34m NOK (+19.2%). Net result -57.2k NOK → +6 033 NOK. Equity -48.8k NOK → -42.7k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE PÅ ST. OLAVS PLASS AS.

At a glance

Scorecard

Revenue
1.12m NOK 1.34m NOK
+19.2%
Operating result
-73.4k NOK +7 815 NOK
+110.7%
Net result
-57.2k NOK +6 033 NOK
+110.5%
Equity
-48.8k NOK -42.7k NOK
+12.4%
Cash
280.7k NOK 262.9k NOK
-6.3%
Total assets
386.5k NOK 282.6k NOK
-26.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.12m NOK to 1.34m NOK (+19.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -73.4k NOK → +7 815 NOK (op. margin -6.5% → 0.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 57.2k NOK to a profit of 6 033 NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -48.8k NOK → -42.7k NOK (equity ratio -12.6% → -15.1%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 280.7k NOK → 262.9k NOK (-6.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -15.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation