FirmaIQ
Org.nr 926 046 438 2022 → 2023 Year-over-year analysis

ADVOKATFIRMA RINGSTAD AS: årsregnskap 2023 vs 2022

Shrank 8% on revenue, fresh owner capital

approved 2024-01-31; registry 2024-03-02; journal 2024 315999

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA RINGSTAD AS. Revenue 3.38m NOK → 3.11m NOK (-7.9%). Net result +1.23m NOK → +1.10m NOK. Equity 2.41m NOK → 3.51m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA RINGSTAD AS.

At a glance

Scorecard

Revenue
3.38m NOK 3.11m NOK
-7.9%
Operating result
+1.57m NOK +1.32m NOK
-16.1%
Net result
+1.23m NOK +1.10m NOK
-10.8%
Equity
2.41m NOK 3.51m NOK
+45.6%
Cash
2.43m NOK 3.88m NOK
+59.7%
Total assets
3.20m NOK 4.22m NOK
+31.9%

What improved

  • ↑

    Equity strengthened

    Book equity 2.41m NOK → 3.51m NOK (equity ratio 75.3% → 83.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.43m NOK → 3.88m NOK (+59.7% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 24.4k NOK → 30.0k NOK (+5 570 NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.38m NOK to 3.11m NOK (-7.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.57m NOK → +1.32m NOK (op. margin 46.5% → 42.4%). Calculated

  • ↓

    Net result weakened

    Net result +1.23m NOK → +1.10m NOK (net margin 36.5% → 35.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.52m NOK → 1.53m NOK (45% → 49% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 62.4k NOK → 20.6k NOK (-66.9% YoY). Calculated