Org.nr 991 340 580 2021 → 2022 Year-over-year analysis

ADVOKATFIRMAET FINN AS: årsregnskap 2022 vs 2021

Shrank 11% on revenue, weaker earnings

approved 2023-04-28; registry 2023-05-02; journal 2023 380745

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET FINN AS. Revenue 18.10m NOK → 16.05m NOK (-11.3%). Net result +83.0k NOK → +39.9k NOK. Equity 3.29m NOK → 1.83m NOK.

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

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET FINN AS.

Scorecard

Revenue
18.10m NOK 16.05m NOK
-11.3%
Operating result
+210.1k NOK +169.3k NOK
-19.4%
Net result
+83.0k NOK +39.9k NOK
-51.9%
Equity
3.29m NOK 1.83m NOK
-44.3%
Cash
171.0k NOK 373.7k NOK
+118.6%
Total assets
7.70m NOK 6.16m NOK
-19.9%

What improved

  • ↑

    Cash rose

    Bank deposits 171.0k NOK → 373.7k NOK (+118.6% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 14.30m NOK → 11.95m NOK (79% → 74% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.10m NOK to 16.05m NOK (-11.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +210.1k NOK → +169.3k NOK (op. margin 1.2% → 1.1%). Calculated

  • ↓

    Net result weakened

    Net result +83.0k NOK → +39.9k NOK (net margin 0.5% → 0.2%). Calculated

  • ↓

    Equity eroded

    Book equity 3.29m NOK → 1.83m NOK (equity ratio 42.7% → 29.7%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 2.08m NOK → 581.6k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 30.0k NOK → 1 NOK. Reported fact