FirmaIQ
Org.nr 991 504 125 2021 → 2022 Year-over-year analysis

ADVOKATFIRMA OLAFSEN AS: årsregnskap 2022 vs 2021

Grew 9% on revenue

approved 2023-03-13; registry 2023-04-03; journal 2023 343977

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMA OLAFSEN AS. Revenue 7.62m NOK → 8.33m NOK (+9.3%). Net result +471.3k NOK → +500.5k NOK. Equity 2.63m NOK → 2.88m NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA OLAFSEN AS.

At a glance

Scorecard

Revenue
7.62m NOK 8.33m NOK
+9.3%
Operating result
+573.3k NOK +633.4k NOK
+10.5%
Net result
+471.3k NOK +500.5k NOK
+6.2%
Equity
2.63m NOK 2.88m NOK
+9.5%
Cash
2.43m NOK 1.43m NOK
-41.1%
Total assets
5.31m NOK 4.63m NOK
-12.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 7.62m NOK to 8.33m NOK (+9.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +573.3k NOK → +633.4k NOK (op. margin 7.5% → 7.6%). Calculated

  • ↑

    Net result improved

    Net result +471.3k NOK → +500.5k NOK (net margin 6.2% → 6.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.63m NOK → 2.88m NOK (equity ratio 49.5% → 62.1%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 2.43m NOK → 1.43m NOK (-41.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.83m NOK → 5.21m NOK (63% → 63% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 84.1k NOK → 84 NOK (-99.9% YoY). Calculated