ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS: årsregnskap 2023 vs 2022
Grew 2288% on revenue, weaker earnings
approved 2024-04-30; registry 2024-05-04; journal 2024 392133
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS. Revenue 60.1k NOK → 1.44m NOK (+2288.1%). Net result +589.6k NOK → +319.4k NOK. Equity 423.8k NOK → 653.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 60.1k NOK to 1.44m NOK (+2288.1% YoY). Calculated
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↑
Equity strengthened
Book equity 423.8k NOK → 653.2k NOK (equity ratio 43.9% → 1446.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +755.3k NOK → +412.9k NOK (op. margin 1256.0% → 28.7%). Calculated
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↓
Net result weakened
Net result +589.6k NOK → +319.4k NOK (net margin 980.4% → 22.2%). Calculated
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↓
Cash fell
Bank deposits 881.1k NOK → 798.3k NOK (-9.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.78× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 106 NOK → 767.8k NOK (2% → 53% of revenue). Calculated