Org.nr 970 963 286 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET DENNIS R BRORSTRØM AS: årsregnskap 2023 vs 2022

Grew 17% on revenue, stronger earnings

approved 2024-04-23; registry 2024-04-25; journal 2024 376697

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET DENNIS R BRORSTRØM AS. Revenue 2.15m NOK → 2.51m NOK (+17.1%). Net result +473.8k NOK → +773.8k NOK. Equity 892.0k NOK → 915.8k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET DENNIS R BRORSTRØM AS.

Scorecard

Revenue
2.15m NOK 2.51m NOK
+17.1%
Operating result
+898.3k NOK +994.3k NOK
+10.7%
Net result
+473.8k NOK +773.8k NOK
+63.3%
Equity
892.0k NOK 915.8k NOK
+2.7%
Cash
614.8k NOK 515.5k NOK
-16.1%
Total assets
2.42m NOK 3.73m NOK
+54.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.15m NOK to 2.51m NOK (+17.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +898.3k NOK → +994.3k NOK (op. margin 41.9% → 39.6%). Calculated

  • ↑

    Net result improved

    Net result +473.8k NOK → +773.8k NOK (net margin 22.1% → 30.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 892.0k NOK → 915.8k NOK (equity ratio 36.9% → 24.6%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.61× → 2.04×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 614.8k NOK → 515.5k NOK (-16.1% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.44m NOK → 3 NOK. Reported fact