ADVOKATFIRMA FREIBU AS: årsregnskap 2022 vs 2021
Shrank 33% on revenue, stronger earnings
approved 2023-04-30; registry 2023-05-04; journal 2023 384794
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMA FREIBU AS. Revenue 10.37m NOK → 6.94m NOK (-33.1%). Net result -5.23m NOK → -2.83m NOK. Equity 458.6k NOK → -2.37m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA FREIBU AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -5.24m NOK → -2.83m NOK (op. margin -50.5% → -40.8%). Calculated
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Net result improved
Net result -5.23m NOK → -2.83m NOK (net margin -50.5% → -40.8%). Calculated
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Payroll decreased
Salary cost 13.77m NOK → 6.64m NOK (133% → 96% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.37m NOK to 6.94m NOK (-33.1% YoY). Calculated
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↓
Equity eroded
Book equity 458.6k NOK → -2.37m NOK (equity ratio 8.1% → -33.4%). Calculated
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↓
Cash fell
Bank deposits 269.1k NOK → 179.9k NOK (-33.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -33.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 99.0k NOK → 163.0k NOK. Reported fact