FirmaIQ
Org.nr 920 902 936 2021 → 2022 Year-over-year analysis

ADVOKATFIRMAET HARTZ & CO AS: årsregnskap 2022 vs 2021

Weaker earnings

approved 2023-04-28; registry 2023-05-06; journal 2023 380868

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET HARTZ & CO AS. Revenue 11.59m NOK → 11.40m NOK (-1.6%). Net result +2.49m NOK → +1.63m NOK. Equity 663.3k NOK → 2.49m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
11.59m NOK 11.40m NOK
-1.6%
Operating result
+3.22m NOK +2.12m NOK
-34.1%
Net result
+2.49m NOK +1.63m NOK
-34.7%
Equity
663.3k NOK 2.49m NOK
+275.5%
Cash
258.6k NOK 292.6k NOK
+13.1%
Total assets
5.17m NOK 5.30m NOK
+2.5%

What improved

  • ↑

    Equity strengthened

    Book equity 663.3k NOK → 2.49m NOK (equity ratio 12.8% → 47.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 258.6k NOK → 292.6k NOK (+13.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.59m NOK to 11.40m NOK (-1.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.22m NOK → +2.12m NOK (op. margin 27.8% → 18.6%). Calculated

  • ↓

    Net result weakened

    Net result +2.49m NOK → +1.63m NOK (net margin 21.5% → 14.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 5.89m NOK → 6.15m NOK (51% → 54% of revenue). Calculated