ADVOKATFIRMAET ANGELSHAUG & CO AS: årsregnskap 2023 vs 2022
Shrank 13% on revenue, slipped into loss
approved 2024-04-30; registry 2024-05-04; journal 2024 390197
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET ANGELSHAUG & CO AS. Revenue 9.79m NOK → 8.50m NOK (-13.2%). Net result +57.2k NOK → -498.4k NOK. Equity 695.4k NOK → 197.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET ANGELSHAUG & CO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 7.11m NOK → 6.52m NOK (73% → 77% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.79m NOK to 8.50m NOK (-13.2% YoY). Calculated
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↓
Operating result weakened
Operating result +146.3k NOK → -315.6k NOK (op. margin 1.5% → -3.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 57.2k NOK profit to a loss of 498.4k NOK. Calculated
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↓
Equity eroded
Book equity 695.4k NOK → 197.0k NOK (equity ratio 5811.9% → 4.4%). Calculated
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↓
Cash fell
Bank deposits 318.9k NOK → 252.6k NOK (-20.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation