ADVOKATFIRMAET HOEL WOLLBRÅTEN AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-04-25; registry 2024-04-29; journal 2024 384550
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS. Revenue 1.64m NOK → 1.59m NOK (-3.1%). Net result +327.5k NOK → +59.7k NOK. Equity 887.3k NOK → 74.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.64m NOK to 1.59m NOK (-3.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +416.0k NOK → +68.2k NOK (op. margin 25.3% → 4.3%). Calculated
-
↓
Net result weakened
Net result +327.5k NOK → +59.7k NOK (net margin 19.9% → 3.7%). Calculated
-
↓
Equity eroded
Book equity 887.3k NOK → 74.0k NOK (equity ratio 56.1% → 5.9%). Calculated
-
↓
Cash fell
Bank deposits 244.8k NOK → 50.0k NOK (-79.6% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 5 482 NOK → 138 NOK (-97.5% YoY). Calculated