ADVOKATFIRMA ENGENES AS: årsregnskap 2022 vs 2021
Shrank 41% on revenue, weaker earnings, cash halved-plus
approved 2023-03-03; registry 2023-04-03; journal 2023 343742
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMA ENGENES AS. Revenue 4.19m NOK → 2.47m NOK (-41.0%). Net result +866.1k NOK → +674.5k NOK. Equity 242.8k NOK → 317.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMA ENGENES AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 242.8k NOK → 317.3k NOK (equity ratio 12.0% → 21.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.19m NOK to 2.47m NOK (-41.0% YoY). Calculated
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↓
Operating result weakened
Operating result +1.09m NOK → +857.0k NOK (op. margin 25.9% → 34.7%). Calculated
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↓
Net result weakened
Net result +866.1k NOK → +674.5k NOK (net margin 20.7% → 27.3%). Calculated
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↓
Cash fell
Bank deposits 883.3k NOK → 93.9k NOK (-89.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.99m NOK → 2.00m NOK (47% → 81% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 352.6k NOK → 114.5k NOK (-67.5% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 3 → 1. Reported fact