ADVOKATFIRMAET HOLST STIFJELL AS: årsregnskap 2022 vs 2021
Shrank 42% on revenue, slipped into loss, cash halved-plus
approved 2023-04-24; registry 2023-05-04; journal 2023 385117
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET HOLST STIFJELL AS. Revenue 1.65m NOK → 946.7k NOK (-42.5%). Net result +3.19m NOK → -74.6k NOK. Equity -231.4k NOK → -306.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLST STIFJELL AS.
At a glance
Scorecard
What improved
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Payroll decreased
Salary cost 916.0k NOK → 631.7k NOK (56% → 67% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.65m NOK to 946.7k NOK (-42.5% YoY). Calculated
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↓
Operating result weakened
Operating result +274.1k NOK → +10.2k NOK (op. margin 16.7% → 1.1%). Calculated
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Fell into a net loss
Net result flipped from 3.19m NOK profit to a loss of 74.6k NOK. Calculated
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↓
Equity eroded
Book equity -231.4k NOK → -306.0k NOK (equity ratio -34.2% → -47.3%). Calculated
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↓
Cash fell
Bank deposits 25.1k NOK → 10.1k NOK (-59.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -47.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation