ADVOKATFIRMAET BRAUTE AS: årsregnskap 2023 vs 2022
Shrank 14% on revenue, weaker earnings
approved 2024-05-06; registry 2024-05-23; journal 2024 429029
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET BRAUTE AS. Revenue 597.2k NOK → 511.6k NOK (-14.3%). Net result -182.7k NOK → -268.2k NOK. Equity 117.2k NOK → -151.0k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET BRAUTE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -232.4k NOK → -218.9k NOK (op. margin -38.9% → -42.8%). Calculated
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Payroll decreased
Salary cost 574.2k NOK → 543.2k NOK (96% → 106% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 597.2k NOK to 511.6k NOK (-14.3% YoY). Calculated
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Net result weakened
Net result -182.7k NOK → -268.2k NOK (net margin -30.6% → -52.4%). Calculated
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↓
Equity eroded
Book equity 117.2k NOK → -151.0k NOK (equity ratio 23.1% → -45.2%). Calculated
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Cash fell
Bank deposits 386.8k NOK → 254.1k NOK (-34.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.17× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -45.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation