ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2023 vs 2022
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2024-01-25; registry 2024-01-29; journal 2024 302623
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET HEGG & CO AS. Revenue 15.32m NOK → 14.35m NOK (-6.4%). Net result +93.0k NOK → +7 344 NOK. Equity 1.52m NOK → 1.52m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HEGG & CO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.52m NOK → 1.52m NOK (equity ratio 20.3% → 17.2%). Calculated
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↑
Payroll decreased
Salary cost 12.68m NOK → 11.23m NOK (83% → 78% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.32m NOK to 14.35m NOK (-6.4% YoY). Calculated
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↓
Operating result weakened
Operating result +45.0k NOK → +19.6k NOK (op. margin 0.3% → 0.1%). Calculated
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↓
Net result weakened
Net result +93.0k NOK → +7 344 NOK (net margin 0.6% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 5.24m NOK → 11.5k NOK (-99.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.24m NOK → 11.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 5 000 NOK → 0 NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 6 → 8. Reported fact