ADVOKATFIRMA SEKSE & CO. AS: årsregnskap 2022 vs 2021
Another loss-making year
approved 2023-04-27; registry 2023-05-04; journal 2023 384735
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMA SEKSE & CO. AS. Revenue 19.06m NOK → 19.76m NOK (+3.7%). Net result -799 NOK → -9 439 NOK. Equity 855.9k NOK → 846.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMA SEKSE & CO. AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 19.06m NOK to 19.76m NOK (+3.7% YoY). Calculated
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↑
Operating result improved
Operating result +30.3k NOK → +42.5k NOK (op. margin 0.2% → 0.2%). Calculated
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↑
Cash rose
Bank deposits 2.88m NOK → 3.14m NOK (+8.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 5.88m NOK → 872.4k NOK (31% → 4% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -799 NOK → -9 439 NOK (net margin -0.0% → -0.0%). Calculated
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↓
Equity eroded
Book equity 855.9k NOK → 846.5k NOK (equity ratio 9.0% → 8.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 109.8k NOK → 407.0k NOK (+270.6% YoY). Calculated