ADVOKATFIRMAET EIDE & CO AS: årsregnskap 2023 vs 2022
Shrank 32% on revenue, slipped into loss
approved 2024-04-30; registry 2024-05-04; journal 2024 390462
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET EIDE & CO AS. Revenue 837.3k NOK → 568.4k NOK (-32.1%). Net result +166.2k NOK → -204.0k NOK. Equity -45.1k NOK → -249.1k NOK.
On the constructive side: cash rose. 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 EIDE & CO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 21.7k NOK → 33.3k NOK (+53.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 837.3k NOK to 568.4k NOK (-32.1% YoY). Calculated
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↓
Operating result weakened
Operating result +210.1k NOK → -146 NOK (op. margin 25.1% → -0.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 166.2k NOK profit to a loss of 204.0k NOK. Calculated
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↓
Equity eroded
Book equity -45.1k NOK → -249.1k NOK (equity ratio -9.3% → -115.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.47× — 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 -115.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation