ADVOKATFIRMA WANG & HOLM-OLSEN AS: årsregnskap 2022 vs 2021
Grew 18% on revenue, returned to profit, cash halved-plus
registry 2023-05-02; journal 2023 379392
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMA WANG & HOLM-OLSEN AS. Revenue 4.46m NOK → 5.27m NOK (+18.2%). Net result -116.4k NOK → +173.4k NOK. Equity 8.99m NOK → 10 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA WANG & HOLM-OLSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.46m NOK to 5.27m NOK (+18.2% YoY). Calculated
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↑
Operating result improved
Operating result -159.7k NOK → +213.4k NOK (op. margin -3.6% → 4.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 116.4k NOK to a profit of 173.4k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 8.99m NOK → 10 NOK (equity ratio 445.0% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 948.1k NOK → 100.9k NOK (-89.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 128.7k NOK → 33.5k NOK (-73.9% YoY). Calculated