FirmaIQ
Org.nr 918 343 717 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET BRODWALL OG KVANVIK AS: årsregnskap 2023 vs 2022

Weaker earnings

approved 2024-04-30; registry 2024-05-04; journal 2024 392017

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET BRODWALL OG KVANVIK AS. Revenue 7.19m NOK → 7.03m NOK (-2.3%). Net result +2.10m NOK → +1.52m NOK. Equity 10.44m NOK → 154.4k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET BRODWALL OG KVANVIK AS.

At a glance

Scorecard

Revenue
7.19m NOK 7.03m NOK
-2.3%
Operating result
+2.70m NOK +1.98m NOK
-26.5%
Net result
+2.10m NOK +1.52m NOK
-27.8%
Equity
10.44m NOK 154.4k NOK
-98.5%
Cash
2.35m NOK 1.85m NOK
-21.2%
Total assets
3.67m NOK 3.31m NOK
-9.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 7.19m NOK to 7.03m NOK (-2.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.70m NOK → +1.98m NOK (op. margin 37.5% → 28.2%). Calculated

  • ↓

    Net result weakened

    Net result +2.10m NOK → +1.52m NOK (net margin 29.2% → 21.6%). Calculated

  • ↓

    Equity eroded

    Book equity 10.44m NOK → 154.4k NOK (equity ratio 284.0% → 4.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.35m NOK → 1.85m NOK (-21.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation