ADVOKATFIRMAET HMZ & CO AS: årsregnskap 2023 vs 2022
Grew 20% on revenue, stronger earnings
approved 2024-04-29; registry 2024-05-04; journal 2024 389577
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET HMZ & CO AS. Revenue 2.79m NOK → 3.36m NOK (+20.3%). Net result -1.10m NOK → -73.2k NOK. Equity 3.33m NOK → 8 948 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HMZ & CO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.79m NOK to 3.36m NOK (+20.3% YoY). Calculated
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Operating result improved
Operating result -1.10m NOK → -73.1k NOK (op. margin -39.4% → -2.2%). Calculated
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Net result improved
Net result -1.10m NOK → -73.2k NOK (net margin -39.6% → -2.2%). Calculated
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Payroll decreased
Salary cost 2.91m NOK → 2.79m NOK (104% → 83% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.33m NOK → 8 948 NOK (equity ratio 412.5% → 1.2%). Calculated
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Cash fell
Bank deposits 105.2k NOK → 78.9k NOK (-24.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.70× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 422.7k NOK → 168.0k NOK (-60.3% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 3 → 2. Reported fact