FirmaIQ
Org.nr 987 902 248 2021 → 2022 Year-over-year analysis

ADVOKATFIRMA HOLTHE & CO AS: årsregnskap 2022 vs 2021

Grew 25% on revenue, weaker earnings

approved 2023-02-20; registry 2023-03-11; journal 2023 321056

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMA HOLTHE & CO AS. Revenue 3.27m NOK → 4.08m NOK (+24.6%). Net result +6.42m NOK → +874.0k NOK. Equity 1.40m NOK → 1.40m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA HOLTHE & CO AS.

At a glance

Scorecard

Revenue
3.27m NOK 4.08m NOK
+24.6%
Operating result
+528.1k NOK +88.9k NOK
-83.2%
Net result
+6.42m NOK +874.0k NOK
-86.4%
Equity
1.40m NOK 1.40m NOK
-0.1%
Cash
285.4k NOK 853.8k NOK
+199.2%
Total assets
2.68m NOK 3.37m NOK
+25.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.27m NOK to 4.08m NOK (+24.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 285.4k NOK → 853.8k NOK (+199.2% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +528.1k NOK → +88.9k NOK (op. margin 16.1% → 2.2%). Calculated

  • ↓

    Net result weakened

    Net result +6.42m NOK → +874.0k NOK (net margin 196.3% → 21.4%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.05× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.73m NOK → 2.21m NOK (53% → 54% of revenue). Calculated