ADVOKATFIRMA ARE JOHNSEN AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-04-17; registry 2024-04-22; journal 2024 366781
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA ARE JOHNSEN AS. Revenue 1.51m NOK → 1.47m NOK (-2.6%). Net result -96.0k NOK → -154.4k NOK. Equity 145.0k NOK → -9 406 NOK.
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 ADVOKATFIRMA ARE JOHNSEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.51m NOK to 1.47m NOK (-2.6% YoY). Calculated
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↓
Operating result weakened
Operating result -122.9k NOK → -128.9k NOK (op. margin -8.1% → -8.8%). Calculated
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↓
Net result weakened
Net result -96.0k NOK → -154.4k NOK (net margin -6.3% → -10.5%). Calculated
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↓
Equity eroded
Book equity 145.0k NOK → -9 406 NOK (equity ratio 28.4% → -3.1%). Calculated
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↓
Cash fell
Bank deposits 211.1k NOK → 47.1k NOK (-77.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation