FirmaIQ
Org.nr 913 871 618 2022 → 2023 Year-over-year analysis

ADVOKATFIRMA GEIRR FRØNES AS: årsregnskap 2023 vs 2022

Grew 6% on revenue, cash halved-plus

approved 2024-04-26; registry 2024-04-29; journal 2024 384322

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA GEIRR FRØNES AS. Revenue 3.09m NOK → 3.26m NOK (+5.5%). Net result +402.2k NOK → +420.4k NOK. Equity 1.01m NOK → 1.13m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA GEIRR FRØNES AS.

At a glance

Scorecard

Revenue
3.09m NOK 3.26m NOK
+5.5%
Operating result
+514.2k NOK +532.2k NOK
+3.5%
Net result
+402.2k NOK +420.4k NOK
+4.5%
Equity
1.01m NOK 1.13m NOK
+11.9%
Cash
798.8k NOK 337.6k NOK
-57.7%
Total assets
1.59m NOK 1.56m NOK
-1.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.09m NOK to 3.26m NOK (+5.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +514.2k NOK → +532.2k NOK (op. margin 16.7% → 16.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.01m NOK → 1.13m NOK (equity ratio 63.5% → 72.1%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 798.8k NOK → 337.6k NOK (-57.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.88m NOK → 1.92m NOK (61% → 59% of revenue). Calculated