FirmaIQ
Org.nr 990 209 022 2022 → 2023 Year-over-year analysis

ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2023 vs 2022

Grew 9% on revenue, weaker earnings

approved 2024-03-05; registry 2024-03-07; journal 2024 321388

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 9.97m NOK → 10.82m NOK (+8.5%). Net result +610.7k NOK → +56.9k NOK. Equity 915.7k NOK → 972.6k NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
9.97m NOK 10.82m NOK
+8.5%
Operating result
+774.6k NOK +342.4k NOK
-55.8%
Net result
+610.7k NOK +56.9k NOK
-90.7%
Equity
915.7k NOK 972.6k NOK
+6.2%
Cash
444.4k NOK 590.2k NOK
+32.8%
Total assets
4.23m NOK 4.93m NOK
+16.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.97m NOK to 10.82m NOK (+8.5% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 915.7k NOK → 972.6k NOK (equity ratio 21.6% → 19.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 444.4k NOK → 590.2k NOK (+32.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.27m NOK → 7.19m NOK (73% → 66% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +774.6k NOK → +342.4k NOK (op. margin 7.8% → 3.2%). Calculated

  • ↓

    Net result weakened

    Net result +610.7k NOK → +56.9k NOK (net margin 6.1% → 0.5%). Calculated