FirmaIQ
Org.nr 987 941 065 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET ELVENES AS: årsregnskap 2023 vs 2022

Grew 49% on revenue, returned to profit

approved 2024-04-26; registry 2024-04-29; journal 2024 383678

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET ELVENES AS. Revenue 1.51m NOK → 2.25m NOK (+48.9%). Net result -90.9k NOK → +479.4k NOK. Equity 657.3k NOK → 1.14m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ELVENES AS.

At a glance

Scorecard

Revenue
1.51m NOK 2.25m NOK
+48.9%
Operating result
-118.4k NOK +613.0k NOK
+617.7%
Net result
-90.9k NOK +479.4k NOK
+627.6%
Equity
657.3k NOK 1.14m NOK
+72.9%
Cash
450.6k NOK 652.7k NOK
+44.9%
Total assets
1.23m NOK 1.79m NOK
+45.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.51m NOK to 2.25m NOK (+48.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -118.4k NOK → +613.0k NOK (op. margin -7.8% → 27.2%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 90.9k NOK to a profit of 479.4k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 657.3k NOK → 1.14m NOK (equity ratio 53.3% → 63.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 450.6k NOK → 652.7k NOK (+44.9% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 895.6k NOK → 987.3k NOK (59% → 44% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 12.5k NOK → 6 200 NOK. Reported fact