ADVOKATFIRMAET HORNELAND AS: årsregnskap 2022 vs 2021
Stronger earnings
approved 2023-03-30; registry 2023-04-26; journal 2023 370015
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET HORNELAND AS. Revenue 3.06m NOK → 3.14m NOK (+2.9%). Net result +378.4k NOK → +678.8k NOK. Equity 488.9k NOK → 338.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORNELAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.06m NOK to 3.14m NOK (+2.9% YoY). Calculated
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↑
Operating result improved
Operating result +486.3k NOK → +869.3k NOK (op. margin 15.9% → 27.6%). Calculated
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↑
Net result improved
Net result +378.4k NOK → +678.8k NOK (net margin 12.4% → 21.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 488.9k NOK → 338.7k NOK (equity ratio 35.2% → 17.8%). Calculated
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↓
Cash fell
Bank deposits 1.04m NOK → 915.4k NOK (-11.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.68m NOK → 1.69m NOK (55% → 54% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 173.9k NOK → 42.0k NOK (-75.9% YoY). Calculated