ADVOKATFIRMA FONN AS: årsregnskap 2022 vs 2021
Grew 20% on revenue, returned to profit, cash halved-plus
approved 2023-04-19; registry 2023-04-22; journal 2023 362314
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMA FONN AS. Revenue 1.63m NOK → 1.95m NOK (+19.8%). Net result -119.0k NOK → +343.0k NOK. Equity 833.7k NOK → 176.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA FONN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.63m NOK to 1.95m NOK (+19.8% YoY). Calculated
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↑
Operating result improved
Operating result -331.1k NOK → +451.3k NOK (op. margin -20.3% → 23.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 119.0k NOK to a profit of 343.0k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 833.7k NOK → 176.7k NOK (equity ratio 47.9% → 10.0%). Calculated
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↓
Cash fell
Bank deposits 409.3k NOK → 62.9k NOK (-84.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 560.1k NOK → 546.6k NOK. Reported fact