FirmaIQ
Org.nr 922 779 406 2021 → 2022 Year-over-year analysis

ADVOKATFIRMAET HAZELAND AS: årsregnskap 2022 vs 2021

Shrank 15% on revenue, returned to profit

approved 2023-04-28; registry 2023-05-02; journal 2023 380524

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET HAZELAND AS. Revenue 3.30m NOK → 2.80m NOK (-15.0%). Net result -131.7k NOK → +232.5k NOK. Equity 607.6k NOK → 275.0k NOK.

On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
3.30m NOK 2.80m NOK
-15.0%
Operating result
-134.2k NOK +295.3k NOK
+320.0%
Net result
-131.7k NOK +232.5k NOK
+276.5%
Equity
607.6k NOK 275.0k NOK
-54.7%
Cash
8.53m NOK 8.62m NOK
+1.1%
Total assets
1.19m NOK 1.20m NOK
+0.7%

What improved

  • ↑

    Operating result improved

    Operating result -134.2k NOK → +295.3k NOK (op. margin -4.1% → 10.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 131.7k NOK to a profit of 232.5k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 8.53m NOK → 8.62m NOK (+1.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.00m NOK → 1.35m NOK (60% → 48% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.30m NOK to 2.80m NOK (-15.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 607.6k NOK → 275.0k NOK (equity ratio 51.1% → 23.0%). Calculated